~:Market Mantra:~

Markets could improve in the 2nd half

Buy:

(i) Nifty Futures at 4670---4680, SL--4640, T--4720. 

(ii) VIP Industries at Rs.88, T-Rs.104, SL---Rs.79. 

(iii) DCB Ltd at Rs.32.50, T--Rs.35, SL--Rs.31. 

 Stocks to watch out for in today’s trading session are:
• (+VE) DLF: The company and HUBTOWN have sold their respective stakes in JV DLF Ackruti Info Parks (Pune) for a total of 8.1 bln rupees to The Blackstone Group.
• (+VE) 3i INFOTECH’s board has approved restructuring of the company's debt.
• (-VE) REGULATORY: The SEBI has barred PG ELECTROPLAST, BROOKS LABORATORIES, RDB RASAYANS, TAKSHEEL SOLUTIONS, TIJARIA POLYPIPES, ONELIFE CAPITAL ADVISORS and BHARATIYA GLOBAL INFOMEDIA from raising further capital in any manner due to irregularities in their IPOs.

Yesterday, the US markets closed in the Red on the back of news that ECB balance sheet expanded by 239 billion, this news spooked market as fears of debt crisis resurfaced in EU. On the data front jobless claims is what most market men will have keen eye on. Apart from jobless claim Italian boind auction will also be eyed to assess EU situation. In case of domestic markets, F&O expiry is expected to bring volatility in market. Strong pullback from 4530 to 4800 showed buying interest at lower level. However, selling pressure after reaching 4800 is showing some weakness in rally. Moreover, India's bilateral trade with Japan is likely to double to $25 bln by 2014 from $13.82 bln in 2010-11 (Apr-Mar), Trade Minister Anand Sharma said.  
M&M has raised the price of its SUV XUV5OO by up to 55,000 rupees from Jan 1. Its Korean arm Ssangyong Motor is likely to fall short of its sales target for 2011 on falling demand in Europe. If you remember, I had recommended the scrip around Rs.675, and which reachd Rs.707, yesterday.