IT and AUTO attracted huge buying as a result Indian indices again managed to close positive. However, CEMENT and REALITY faced profit booking. SENSEX closed at 19346, up 138 points and Nifty at 5795, up 35 points from the previous close. CNX MIDCAP index was down 0.5% and BSE SMALLCAP index was down 0.8%. The market breadth was negative with advances at 375 against declines of 917 on the NSE. Top gainers included WIPRO, JAIPRA, TATAMOTORS, STER, DLF, RELCAPITAL and KOTAKBANK while top losers are listed as HINDALCO, ACC, SBIN, TATAPOWER, TATASTEEL and AMBUJACEM.

Next Day Trading Session:

In the next session NIFTY is expected to trade in the range 5770-5840 sustaining beyond the range might decide the day trend. metals and BANKING might face profit booking while OIL-GAS, IT and AUTO may attract buying. traders are suggested to buy at declines. 5700 may act as a strong support level in NIFTY.

EXPECTED BULLISH STOCKS

PFC
CESC
NTPC
NHPC
TATAMOTORS
MARUTI
DLF
INFOSYSTCH
MCDOWEL-N
SIEMENS
BPCL
HPCL
IOC
ONGC
HDFCBANK
BANKBARODA
WIPRO
MPHASIS

EXPECTED BEARISH STOCKS

TATASTEEL
JINDALSTEL
SAIL
BHUSANSTL
M&M
RANBAXY
RELIANCE
RELINFRA
CENTURYTEX
SKUMARSF
PNB
ICICIBANK
RCOM
BHARTIARTL
TATACOMM

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

Bodal Chemicals has announced the setting up of a wholly owned subsidiary Bodal AgroTech to lead its foray into agri-input space.

NIIT has announced the launch of 'Advanced Online Advertising' program for advertising and marketing professional in association with Google India. As part of this initiative, NIIT will offer a specially designed training program in online advertising which will be certified by Google.

Bank of Baroda has decided to takeover specific assets & liabilities of Memon Cooperative Bank, Mumbai. Approvals of Government of India and Reserve Bank of India have been received for the purpose. Bank will formulate a scheme for the takeover which will be subject to further approvals of the appropriate competent authorities