Indian indices opened positive selling pressure over REALITY, AUTO and IT stocks drag the indices down , Volatility appeared in the final hour on account of F&O expiry , finally market closed more or less flat. SENSEX closed at 18226, up 46 points and Nifty at 5477, up 15 points from the previous close. CNX MIDCAP index was down 0.01% and BSE SMALLCAP index was up 0.1%. The market breadth was negative with advances at 528 against declines of 739 on the NSE. Top gainers are listed as NTPC, DLF, ITC, SBIN, HDFC, POWERGRID and ABB. Top losers are listed as RCOM, STER, RIL, HUL, JAIPRA, SUZLON, IDEA and SUNPHARMA

Next Day Trading Session:

In the next session, 5450 may act as a good support level in NIFTY, below which it may test 5400. However, NIFTY is expected to trade in the range 5400-5490. Traders are suggested to follow the strategy of selling at rise as long as NIFTY is trading below 5520. METALS and IT may attract selling pressure while CEMENT and FMCG may attract buying.

EXPECTED BULLISH STOCKS

DRREDDY
HCLTECH
PATNI
BANKBARODA
RCOM
IDEA
ZEEL
APIL
CENTRALBANK
CROMPGREAV
JISLEQ
ESCORTS
INDUSINDBANK
NESTLE
RUCHISOYA
DREDGCORP
HINDPETRO
DLF

EXPECTED BEARISH STOCKS

JSWSTEEL
IBREALEST
SUNPHARMA
NAGARCONST
HDIL
UNITECH
SOBHA
ORBIT
TECHM
ADANIENT
UNIPHOS
NALCO
PUNJLLOYD
IDFC
EKC

Fundamental Picks

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

Dena Bank has achieved its target of Rs. 108
Visaka Industries has achieved its target of Rs. 180
Man Industries has achieved its target of Rs. 90
Aarti drugs has achieved its target of Rs 135
Indoco Remedies has achieved its target of Rs 465, call given at Rs. 388
Riddhi Siddhi Gluco Biols has achieved its target of 258, call given at 216
Ess Dee Aluminium has achieved its target of Rs 520
TNPL has achieved its target of Rs. 115

Corporate Highlights

HCL Technologies has announced that the company was named a leader in the August 2010 report The Forrester Wave among North American Applications Outsourcing, Q3 2010. HCL was among a select group of twelve vendors that Forrester
evaluated based on current offerings, strategy and market presence.

NIIT and Tally Solutions have entered into a global alliance to develop comprehensive business software professionals with particular expertise in Tally.ERP 9 product.

Zensar Technologies has launched an innovative solution for the small land medium enterprises (SMEs) sector for the domestic market. Zensar's hosted Enterprise Resource Planning (ERP) Solution is powered by Microsoft's Dynamics ERP, a complete ERP solution from Microsoft for mid-sized organizations with proven industry-specific functionality even for highly
specialized industries.

Abhishek Industries (AIL) has received the Forest Stewardship Council's (FSC) Chain of Custody certificate for its responsible sourcing of pulpwood fiber. AIL is the world's largest wheat straw based paper manufacturer and is known for its eco-friendly paper.