After a quiet start Indian market attracted huge buying in BANKING, FMCG, REALITY and TELECOM. SENSEX closed at 20045, up 184 points and Nifty at
6018, up 58 points from the previous close. CNX MIDCAP index was up 1% and BSE SMALLCAP index was up 1.1%. The market breadth was positive with advances at 895 against declines of 392 on the NSE. Top gainers included DLF, HUL, HEROHONDA, BHARTIARTL, MARUTI, DLF, IDFC and UNITECH. Top losers are listed as JINDALSTEL, STER, TATAMOTORS, TCS, M&M and CAIRN.

Next Day Trading Session:

In the next session NIFTY if traded above 6050 may attract huge buying. Traders are suggested to take fresh long position, if NIFTY sustains above 6050. BANKING along with AUTO SECTOR may attract buying while METALS and IT may face profit booking.

EXPECTED BULLISH STOCKS

MARUTI
TATAMOTORS
BHEL
ABB
IDBI
M&M
JSWSTEEL
EKC
CROMPGREAV
CENTURYTEX
HUL
LUPIN
IOC
VOLTAS
HDFCBANK
MAX
GULFOIL
TATAGLOBAL

EXPECTED BEARISH STOCKS

SBIN
ICICIBANK
IDEA
FINANTECH
MPHASIS
TECHM
JINDALSTEL
ISPATIND
BEML
GRASIM
ULTRACEMO
ADANIENT
RELCAPITAL
MUNDRAPORT
PRAJIND

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.

DIC India Ltd has achieved its target of Rs. 340
GEI Industrial Systems Ltd has achieved its target of Rs. 170
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

Meghmani Organics has announced that the Agrochemical manufacturing facility of Meghmani Organics (MOL) situated at Ankleshwar, Gujarat has bagged the most prestigious second level silver safety award announced for the year 2009 by National Safety Council of India (NSCI).

Hindustan Construction Company has received two letter of intents from GMR (Badrinath) Hydra Power Generation, New Delhi for Alaknanda Hydro Electric Project (3 x 100 MW) lot 2 & 3 in Uttarakhand. The contract is awarded in two lots and is valued at Rs. 660 crore

Aurobindo Pharma has received final approvals from the US Food & Drug Administration (USFDA) for 3 ANDAs namely, Ampicillin & Sulbactam for injection 1.5g and 3.0g (infusion bottles), Ampicillin & Sulbactam for injection 1.5g and 3.0g (single use vials) and Ampicillin & Sulbactam for injection 15g USP (pharmacy bulk pack).