Indian market traded in a range bound session closed flat. Metals and Infrastructure traded well. The Sensex closed at 18300, up 27 points from its previous close, and Nifty closed at 5481, no change. The CNX Midcap index was up 0.1% and the BSE Smallcap index was up 1%. The market breadth was positive with advances at 797 against declines of 497 on the NSE. The top Nifty gainers were JP Associates, Tata Steel, Jindal Steel and Wipro and prime losers included HDFC, IDFC, RCom and HCL Tech. The FIIs were net sellers with investment worth Rs 230.06Cr (prov. cash market fig)

NIFTY has built a range 5450-5510. In the next session, The range might be expected to 5400-5555. Sustaining beyond this range may decide intraday market trend. Traders are suggested to trading according to the range keeping in view support and resistance level. Metals may again appear strong while health care stocks may face selling.

Investors with a horizon of 6-12 months can consider following scripts for their investment. These companies have potential to give igher returns than index over a long term.

State Bank of India (SBI) is set to raise Rs 2,000 crore through bonds issue. The bank will launch issue of series 3 lower Tier II bonds of face value of Rs 10,000 each and series 4 lower Tier II bonds of face value of Rs 10,000 each aggregating to Rs 1,000 crore, with an option to retain over-subscription upto Rs 1,000 crore for issuance of additional bonds aggregating to a total of upto Rs 2,000 crore. This tranche 1 issue shall be opened from February 21, 2011 to February 28, 2011 for subscription.

DLF Brands, a part of realty giant DLF will invest over Rs 200 crore in opening retail outlets of various brands across the country in the next 2-3 years. The company opened the first outlet of its flagship home decor and accessories brand 'Pure Home + Living' in the National Capital.

Jain Irrigation System announced the opening of its second manufacturing plant in Gujarat at Bhavnagar with an investment of s 100 crore in a phased manner.

India and Malaysia are set to ramp up bilateral trade ties with the signing of a landmark pact for accelerating economic cooperation between the two nations on Friday. The Comprehensive Economic Cooperation Agreement (CECA) will be signed by Indian Minister of Commerce and Industry Anand Sharma and his Malaysian counterpart, Mustapa Mohamed, in the presence of Malaysian Prime Minister Najib Razak.

The above mentioned ideologies are based on the research done at Fairwealth research department. Fairwealth Securities Ltd will not be responsible for any kind of losses incurred by any part either directly or indirectly based on our research results, though we have presented to the best of our knowledge.