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Hot stocks and strategies for next week
Published on Sun, Jul 16, 2006 at 17:29 in 
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New Delhi: With markets looking weak in the short run analysts feel one can buy stocks like Infosys, TCS, Satyam, Reliance, RCoVL and Zee Telefilms as good bets.
They also believe that traders should stay away from the markets or buy weakness and sell the strength.
Ambareesh Baliga, Karvy Stock Broking
Better for traders to stay out of the markets
In such a market it's better for traders to stay out of the markets. Because the only way to trade in this market is to go short but looking at the weak volumes it will be dangerous to do so. Any small amount of buying can push the markets up and may trap these short sellers.
Oil and pure real estate stocks look weak
On the weaker side oil stocks are still looking decently weak and we are not positive on pure play real estate stocks.
One can pick up good IT stocks for the longer term
Other IT stocks could also beat street expectations but not to the tune of what Infosys reported. It will be a bit difficult for others to beat the street expectations as much as Infosys did. At the same time, post Infosys' results the expectations have also started moving up.
Hence, one should not start buying IT stocks immediately on account of earnings expectations for Q1FY07. One can, however, pick up good IT stocks for the longer term.
Vijay Bhambwani, Technical analyst
Banking stocks are looking pretty weak
Banking stocks are looking pretty weak and one can sell them on advances. On the other hand, at this point in time, technology as a sector is looking okay but it is likely to be driven by results. I would rather go with Infosys at this point in time.
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