Weak global cues caused heavy selling pressure over Indian indices, with METALS and REALITY major loser, The SENSEX closed at 19865, down 444 points from its previous close, and Nifty closed at 5988, down 132 points. The CNX MIDCAP index was down 1.7% and the BSE SMALLCAP index was down 2.9%. The market breadth was negative with advances at 141 against declines of 1175 on the NSE. The top Nifty gainers were BHARTI, RANBAXY, EDUCOMP and DISH TV and losers included STERLITE, HINDALCO, RCOM, TATAMOTORS, JP ASSOCIATES and AMBUJA CEMENTS.

Next Day Trading Session:

In the next session 5930 may act as an important support for NIFTY. Traders are suggested to avoid long positions below 5930. METALS and PHARMA STOCKS may attract buying at lower levels while AUTO and BANKING HEAVY-WEIGHTS may attract selling pressure at gains.

EXPECTED BULLISH STOCKS

DRREDDY
BPCL
ROLTA
EDUCOMP
PANTALOONR
EXIDE
DISHTV
BHARATF
COLPAL
MCDOWEL-N
BHARTIARTL
RANBAXY
LITL AIAENGG
SESAGOA
HEROHONDA
CAIRN
MOSERBAER

EXPECTED BEARISH STOCKS

RCF
YESBANK
RELANCE
HINDZINC
NALCO
UNITECH
DLF
ACC
GRASIM
FINANTECH
HCC
MARUTI
GESHIP
HDIL
IVRCLINFRA

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
First Leasing Ltd has achieved its target of Rs. 92
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

Eicher Motors Ltd plans to invest 5 billion rupees to expand its capacity as demand for commercial vehicles rises, Siddhartha Lal, chief executive officer, told reporters on the sidelines of the World Economic Forum India summit.

State-run power utility NTPC may set up a cement plant in a joint venture with National Aluminium Co , NTPC chairman Arup Roy Choudhury said on Tuesday. "In a month to a month?and?a?half, they will firm up the plan," Choudhury told reporters.