We expect Mamta Banerjee not to make significant changes to the fares of second class passengers. We could see some huge hikes on first class and AC fares. The government is likely to implement new projects and heavy infra spending and modernisation of existing railway infrastructure. Kalindee Rail RS 224, Titagarh Wagons, Kernex Micro and GDL are the stocks to watch out in today's trade, as these stocks will be the key beneficiaries of the new spending.

Overall, an exciting day for the markets as the indices are likely to be very volatile intraday. JP Hydro, Emco Ltd, Prakash Ind, Moser Baer and Praj Ind are some of the stocks that are worth keeping on radar.

Short term buy:

1. Buy CMC @800 for short term. Target 15-20 %
2. Don’t Forget to buy Opto Ckt, Welspun Gujarat on dips

Intraday:

1. Buy Kaveri Telecom Products: CMP 49.3 Target 50.5, 51.5 Stop Loss 48.7
2. Buy Jindal Stainless (JSL Ltd.): CMP 82.65 Target 85.7, 87 Stop Loss 79
3. Sell Aban Offshore: CMP 863 Target 835, 827, 816 Stop Loss 890
4. Buy Sun Pharma: CMP 1146.9 Target 1160, 1172 Stop Loss 1129