Profit booking in REAL ESTATE, METALS, TELECOM and BANKING keep Indian market in negative zone through out the day. SENSEX closed at 19861, down 80 points and Nifty at 5959, down 31 points from the previous close. CNX MIDCAP index was down 0.01% and BSE SMALLCAP index was up 0.04%. The market breadth was negative with advances at 544 against declines of 731 on the NSE. Top gainers are listed as HUL, ONGC, ITC, M&M, JAIPRA and RANBAXY. Top losers are listed as ICICIBANK, RIL, BHARTUARTL, CIPLA, DLF, AXISBANK and RELCAPITAL.

Next Day Trading Session:

In the next session NIFTY is expected to test 5900 level, thereafter it may trade in a range. 5866 may act as a strong support level. INTRADAY-TRADERS are suggested to be cautious of long positions if traded below sustained 5930. BANKING, REAL ESTATE and CEMENTS may face selling pressure while FMCG, PHARMA and ENGINEERING STOCKS may attract buying.

EXPECTED BULLISH STOCKS

JETAIRWAYS
TATAMOTORS
IVRCLINFRA
HUL
IDBI
TITAN
DRREDDY
MAX
ITC
HDFC
TECHM
INFOSYSTCH
ZEEL
VOLTAS
HDFCBANK
LUPIN
HINDZINC
TATASTEEL

EXPECTED BEARISH STOCKS

HDIL
DLF
IBREALEST
UNITECH
HCC
ACC
GRASIM
ULTRATECH
FINANTECH
ACC
ULTRACEMO
GRASIM
RELCAPITAL
RELINFRA
PRAJIND

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
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
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

Powersoft Global Solutions has announced its standards based end-to-end RFID library self service solution to capitalize on the flourishing growth in REID adoption in libraries.

IVRCL Infrastructures & Projects (IVRCL) has been awarded a project for four laning and improvement of Karanji - Wani - Ghuggus - Chandrapur Road Maharashtra State Highway - 6 & 7 in Yavatmal and Chandrapur District on DBFOT basis. The total project cost is approximately Rs. 750 crore. The State Government shall provide a viability gap funding of Rs. 231.84 crore.

Unichem Laboratories has announced that the company has been granted certificate of suitability to European Pharmacopeia (CEP) by European Directorate for the Quality of Mechcines and Healthcare (EDQM) for Alfuzosin Hydrochloride.