In a choppy session Indian market traded both above and below the dotted line finally closed flattish with marginal gains. SENSEX CLOSED at 16875, up 40 points and NIFTY at 5066, up 6 points from the

previous close. CNX MIDCAP index was up 0.2% and BSE SMALLCAP index was up 0.7%. The market breadth was positive with advances at 727 against declines of 539 on the NSE. METALS and

REALITY faced selling pressure while MIDCAP BANKS attracted buying. Top gainers included LT, WIPRO, RCOM, ONGC, GRASIM, PNB and AMBUJACEM. Top losers are listed as TATAMOTORS, STER,
HDFCBANK, YAYAPOWER, JINDALSTEL and SIEMENS.

Next Day Trading Session:

In the next session, nifty may trade in the range 5011-5111. Breaching of levels either side may decide the trend. Traders are suggested to follow the strategy of selling at gains as long as NIFTY is trading below 5111. METALS may show further weakness while BANKING and IT- stocks may attract buying.

EXPECTED BULLISH STOCKS

SBIN
 GAIL
ONGC
CENTRALBANK
PNB RCOM
BHARTIARTL
TATATEA
PNB
CIPLA
SINTEX
INFOSYS
BHEL
NALCO
ACC
GRASIM
FEDRALBANK
ABB

EXPECTED BEARISH STOCKS

HDFCBANK
RELCAPITAL
RELIANCE
DLF
HDIL
HPCL
JINDALSTEL
TATASTEEL
SESAGOA
EDUCOMP
SIEMENS
HDFC
ITC
ABAN
RELINFRA

Fundamental View: Fairwealth Research Team

Weekly Techno-Funda Calls
We are not providing Techno Funda Calls for this week because of uncertain market conditions. Whenever we find the market conducive for investors/traders we will again come up with these calls

Fundamental Picks
Investors having a horizon of 6-12 months can buy the following companies. The companies have a potential to give higher returns than index over a long term.

Nectar Lifesciences ltd
GEI Industrial Systems Ltd
TNPL
Indoco Remedies Ltd
JK Paper Ltd
Ballarpur Industries Ltd
Aarti Drugs
Riddhi Siddhi
Gluco Biols
Electrotherm (India)
Balkrishna Ltd.
McNally Bharat
Ess Dee Aluminium
Hyderabad Industries
Monnet Ispat
Biocon Alembic
Visaka Industries
Munjal Showa
Jindal Saw Ltd

Visaka Industries has achieved its target of Rs. 180, call given at Rs.122

Banco Products has achieved target of Rs 110, call given at Rs 75.

Riddhi Siddhi Gluco Biols has achieved its target of 258, call given at 216

Corporate Highlights

Software Technology Group International (STG) and Top Chalks have come together in a strategic tie up to make available technology based test preparation for IIT JEE/AIEEE . STG and Top Chalks share

a common vision of empowering every aspiring student and professional to succeed in their educational and career pursuits.

Tata Consultancy Services (TCS) has announced that TCS BaNCS corporate actions has also become operational at BNP Paribas for the Euronext market. This is a major milestone for BKP Faribas as it

helped the bank to consolidate its global and local custody operations to TCS BaNCS platform.

Venus Remedies has been granted yet another patent from Indian Patent Office, Government of India for novel injectable Aceclofenac Formulation. The patent is yet another successful R & D effort of Venus

Medicine Research Center (VMRC). With grant of this patent Venus has now 7 national and international patents granted from its kitty of 341 patents.

IOL Chemicals and Pharmaceuticals (IOLCP) has announced its definitive plans to set up a new manufacturing plant to produce about 150 TPA of Proton Pump Inhibitors (PPIs). The company expects a

turnover of about Rs. 60 crore per annum from this initiative to diversify into new generic products and wilt raise the required capital from international markets by issuing US$ 5 million, Zero coupon

Unsecured Foreign Currency Convertible Bonds

Subex has been selected by YTL Communications, the communications arm of the Malaysian-based infrastructure conglomerate, YTL Corporation, to implement its leading fraud management solution, ROC FM (ROC Fraud Management).