Mixed global cues and good domestic cues keep market highly volatile but traded in positive zone with strong closing finally. SENSEX shut shop at 19502, up 155 points and Nifty at 5860, up 65 points from the previous close. CNX MIDCAP index was down 0.1% and BSE SMALLCAP index was also down 0.1%. The market breadth was negative with advances at 517 against declines of 768 on the NSE. OIL_GAS and IT traded strong. Top gainers are listed as INFOSYSTCH, TCS, WIPRO, RIL, MARUTI, HCLTECH, SIEMENS, SUNPHARMA, IDFC and GAIL. Top losers are listed as TATAMOTORS, SBIN, ACC, BHEL and JAIPRA.

Next Day Trading Session:

In the next session NIFTY if sustained above 5870 it may again attract huge buying and it may move to 5950-6000 level. Traders are suggested be cautious of profit booking in BANKING STOCKS if bank nifty traded below 12000.MID-CAP-IT and OIL-GAS may continue buying while METALS and PHARMA may stay weak.

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

Tulip Telecom has announced that it has been chosen as the finalist for World Communication Awards 2010 under the Best Managed Service category.

Nexxoft Infotel has entered into a strategic tie-up with SpinetiX, which is a high technology solution-focused corporation based out of Switzerland with solid expertise in networked digital video. SpinetiX develops hyper media appliances and multi-platform software solutions

Pioneer Distilleries (PDL) has announced that the promoters of the company have entered into a share purchase agreement with United Spirits (USL) on 13 September 2010 for sale of 73,22,280 equity shares of face value of Rs. 10 each representing 54.69% of the fully paid-up equity share capital of PDL at a price of Rs. 101 per equity share.

Take Solutions has entered into a partnership with CTX Life Sciences, a leading Pharmaceutical ingredient and intermediate manufacturing company. CTX Life Sciences is the new addition to the strong Life Sciences clientele list of Take Solutions including majors like Reliance Life Sciences, Liquent Inc, Cadila Pharamceuticals and NATCO Pharma.