Indian market traded on a flattish to positive note, with good buying over BANKING and SUGAR STOCKS. SENSEX closed at 18226, up 20 points and Nifty at 5481, up 9 points from the previous close. CNX MIDCAP index was up 0.9% and BSE SMALLCAP index was up 1.1%. The market breadth was positive with advances at 844 against declines of 450 on the NSE. Top gainers included JAIPRA, STER, TATAPOWER, HDFC, HDFCBANK, AXISBANK, HCLTECH and SUZLON. Top losers are listed as HEROHONDA, TCS, BHEL, BHARTIARTL, INFOSYSTCH, GAIL, KOTAKBANK and UNITECH.

Next Day Trading Session:

In the next session NIFTY is expected to trade in the range 5425-5500. It might attract fresh buying if sustained above 5520. In the next session FERTILIZER, SUGAR and MIDCAP-BANKS are expected to TRADE BULLISH while IT, AUTO and CAPITAL, GOODS may face selling.

EXPECTED BULLISH STOCKS

ABAN
VOLTAS
BALRAMCHINI
BAJAJHIND
SUZLON
IDBI
SAIL
DRREDDY
CENTRALBK
IOC
BHARATFORGE
RELIANCE
TECHM
HDFC
HDFCBANK
TATASTEEL
ACKRUTI
TATAMOTORS

EXPECTED BEARISH STOCKS

ONGC
JINDALSTEL
BHEL
LT
SIEMENS
ORCHIDCHEM
LUPIN
PATNI
INDIACEM
KFA
JETAIRWAYS
MUNDRAPORT
KOTAKBANK
HINDPETRO
SUNPHARMA

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

Corporate Highlights

Mahindra Satyam, the brand identity of Satyam Computer Services has announced integrated migration solutions for healthcare payer organizations that would meet the new federal and Health Insurance Portability and Accountability Act (HIPAA) rules

IRB Infrastructure Developers has announced that Aryan Hospitality (AHPL), company's subsidiary company has executed hotel operating agreement and technical services & development assistance agreement with The Indian Hotels Company to operate and maintain a Gateway Hotel to be constructed by AHPL at Kolhapur, Maharashtra.

Welspun Corp has won new pipe orders worth Rs 700 crore from domestic and international markets. These new orders are likely to be executed in the current financial year

Tata Power Company has announced that the consortium comprising Tata Power, Origin Energy and PT Supraco Indonesia was declared as the successful bidder for the Sorik Marapi geothermal project in Northern Sumatra, Indonesia.