ALTHOUGH Indian market stayed in positive zone through out the day, But the movement was confined to madcap and small cap only. However, AUTO and METALS performed well. SENSEX Closed at 20339, up 89 points from its previous close, and Nifty closed at 6135, up 32 points. CNX MIDCAP index was up 0.7% and BSE SMALLCAP index was up 1.2%. The market breadth was positive with advances at 867 against declines of 414 on the NSE. Top gainers included TATAMOTORS, STER, RCOM, RELINFRA, TATASTEEL, RANBAXY, and KOTAKBANK. Top losers are listed as BHARTIARTL, HUL, HDFCBANK, NTPC, ACC, LT, HCLTECH and AXISBANK. The FIIs were net buyers with investments worth Rs. 810 Cr (provisional cash market fig)

Next Day Trading Session:

In the next session market is expected to trade in a range, NIFTY 6110-6200. Banking stocks may play an important role to decide the trend. However, traders are suggested to buy at declines. AUTO and OIL-GAS may appear strong while PHARMA, CEMENT and FMCG may appear weak.

EXPECTED BULLISH STOCKS

IFCI
WIPRO
SBIN
CHAMBLFERT
RCF
NFL
RIL
ABAN
UNITECH
BHUSHANSTL
HINDALCO
SYNDICATEBANK
ALBK
PNB
MPHASIS
HEROHONDA
MARUTI
M&M

EXPECTED BEARISH STOCKS

EDUCOMP
BANKINDIA
INDIABULLS
INDUSINDBANK
BHARTIARTL
HUL
AXISBANK
ACC
GRASIM
NAGARJUNCONST
IOC
BPCL
BIOCON
EIHLTD
HOTELEELA

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

MIC Electronics has entered into a MoU to subscribe the equity capital of Avni Energy Solutions to acquire 51% stake in the company.

Steel Strips Wheels has bagged a repeat order from the leading supplier of steel wheels based in Germany catering to the large European after market. This order is approximately 10,000 wheels with a foreign exchange earning of nearly Euros 120,000. SSWL is heading towards generating a mutually beneficial long term business relationship with this group.

Jaihind Projects has secured orders worth Rs. 94.38 crore. The company has secured order worth Rs. 56.10 crore from Brahmaputra Cracker and Polymer for carrying out mechanical & piping works for ethylene cracker unit (tender-2) for Brahmaputra Petrochemical Complex of Brahmaputra Cracker and Polymer at Lepetkata, Assam.