Indian indices attracted huge buying interest in almost all sectors after a gap-up opening. However, TELECOM sector stood weak while BANKING strong. SENSEX closed at 19208, up 408 points and Nifty at 5760, up 119 points from the previous close. CNX MIDCAP index was up 1.1% and BSE SMALLCAP index was up 0.2%. The market breadth was positive with advances at 677 against declines of 602 on the NSE. Top gainers included SBIN, HDFC, HINDALCO, RELINFRA and ICICIBANK. Top losers are listed as WIPRO, RCOM, HEROHONDA, BHARTIARTL, KOTAKBANK, IDEA and SUZLON.

Next Day Trading Session:

In the next session 5800 may act as a resistance for NIFTY, however, NIFTY is expected to continue the buying trend. Traders are suggested to follow the strategy of buying at dips. BANKING, IT and REALITY may attract buying while METALS and AUTO may appear weak.

EXPECTED BULLISH STOCKS

JSWSTEEL
APIL
RELIENCE
SBIN
HDFC LT
OIL
BPCL
MARUTI
LICHSGFIN
OPTOCIRCUI
FEDRALBK
ULTRACEMO
ABAN
BHEL
TCS
MPHASIS
BANKINDIA

EXPECTED BEARISH STOCKS

ITC
RANBAXY
BWIPRO
RELINFRA
RELCAPITAL
RCOM
BHARTIARTL
KOTAKBANK
BAJAJ-AUTO
CROMPGREAV
OBC
CAIRN
EDUCOMP
JINDALSTEL
HINDZINC

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
Alembic has achieved its target of Rs.65
GEI Industrial System has achieved its target of Rs.170

Corporate Highlights

Kalpataru Power Transmission, a leading global EPC player in power T&D sector has secured three orders worth over Rs 550 crores from Kenya Electricity Transmission Company and Parbati Koldam Transmission Company.

HCL Infosystems, India's premier Hardware, Services and ICT System Integration Company announced the awarding of the Rs 100 crore Re-structured Accelerated Power Development and Reform Program (RAPDRP) order from the Himachal Pradesh State Electricity Board (HPSEB). The project will entail deployment of a state wide solution to establish the baseline data and IT applications for energy accounting/auditing and IT based consumer service centers in 14 towns, comprising of 30 sub division offices and 293 other offices.

Garnet International has invested in 51% equity shares of paid up equity capital of Sukartik Clothing Pvt Ltd. By virtue of this investment, Sukartik Clothing Pvt Ltd became a subsidiary of the company. Sukartik Clothing Pvt Ltd (SCPL) is establishing a plant for the entire process of manufacturing seamless garments - starting from seamless knitting, garment dyeing and stitching
at Ludhiana(Punjab) at the total cost of Rs 7 crore under one roof.