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Hot stocks and strategies for this week
Analysts tell Moneycontrol that investors and traders need to be cautious at these levels. They also give their stock picks for trading this week. They want investors to be stock specific and some of their picks include Essel Propack, Majestic Auto, RK Forgings and West Coast Paper.
Investors and traders should look at the market cautiously and take some profits off the table. Take some profits selectively but focus on media. Investors need to be very stock specific from here onwards.
Exit stocks and sectors that have moved up considerably
They should exit stocks and sectors that have moved up considerably during the recent rally. In the capital goods sector it is L&T ; in auto Tata Motors and Maruti have run up significantly; and even some of the top construction companies.
New stocks and sectors could emerge winners going ahead
The results season is just a few weeks away and we could see a sideways kind of market. New stocks and sectors could emerge winners going ahead.
Reliance Communications could probably give an 8-10% return next week
This week one can trade on the long side in Reliance . IPCL also looks pretty good for an up move next week. VSNL , since it has given a good close on Friday, will have strong momentum going into next week's trading. Reliance Communications is a wonderful investment story; the stock could probably give an 8-10% return next week.
Analysts tell Moneycontrol that investors and traders need to be cautious at these levels. They also give their stock picks for trading this week. 
