Indian indices traded with good gains on account of good buying over BANKING and REALITY STOCKS. The SENSEX closed at 20354 (provisional), up 322 points from its previous close, and Nifty closed at 6118 (provisional), up 100 points. The CNX MIDCAP index was up 1.5% and the BSE SMALLCAP index was up 1.2%. The market breadth was positive with advances at 890 against declines of 416 on the NSE. Top gainers are listed as ICICIBANK, M&M, JAIPRA, HDFC, DLF, SUNPHARMA, SUZLON and RANBAXY. Top losers are listed as MARUTI, HEROHONDA, NTPC, RIL and SAIL.

Next Day Trading Session:

In the next session NIFTY is expected to trade in the range 6095-6151. Breaching of levels either side may decide the trend. Traders are suggested to take long position if NIFTY sustains above 6151, keeping in view 6222 is a resistance. BANKING STOCKS along with PHARMA and AUTO may trade positive while IT and OIL-GAS may again face selling pressure.

EXPECTED BULLISH STOCKS

AXISBANK
MARUTI
M&M
AMBUJACEM
GRASIM
IDBI
RELIANCE
BPCL
PNB
GLENMARK
TITAN
ESSAROIL
JSWSTEEL
SRTRANSFIN
CUMMINSIND
M&MFIN
BHARATF
ITC

EXPECTED BEARISH STOCKS

TATACHEM
FINTECH
BEL
ABB
SAIL
PUNJLLOYD
IFCI
GESHIP
RCF
NFL
HDIL
DLF
BAJAJ-HIND
RENUKA
APOLLOTYRE

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
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

Tecpro Systems has received Balance of Plant (BoP) order worth Rs. 1,978 crore. The company has secured order from APGENCO worth Rs. 1255.00 crore for Rayalaseema Thermal Power Project and Rs. 723 crore order for Kakatiya Thermal Power Project.

Godawari Power and Ispat has announced that the Bio Mass based power plant of the company with a capacity of 20 MW has been successfully completed and the plant has started commercial generation of power from 01 November 2010 at Siltara Industrial Complex, Raipur, Chhattisgarh. With the start of this power plant the total power generation capacity of the company has increased to 73 MW from existing operating capacity of 53 MW.