INDIAN SHARE MARKET TREND || STOCKS TO BUY

Bounceback by the cement sector from the lows of the day helped the market close with modest gains following a subdued and rangebound session. Volumes were good and sectors that saw positive trade were autos, metals and infra. Sensex shut trade at 16896, up 36 points and Nifty at 5120, up 16 points from the previous close. CNX Midcap index was up 1.1 % and BSE Smallcap index was up 0.8%. The market breadth was positive with advances at 896 against declines of 519 on the NSE. Top Nifty gainers were ACC, Sterlite Industries and HCL Technologies while losers included TCS, Bharti Airtel and DLF.

SHORT TERM STOCK TIPS

1. BUY Reliance Industrial InfraStructure Ltd. Short Term Target 475 Stop Loss 385

2. BUY Kingfisher Airlines Ltd. Short Term Target 15 Stop Loss 10

3. BUY Lanco Infratech Ltd. Short Term Target 20.2 Stop Loss 13.2

LONG TERM STOCK TIPS

1. SELL Shelter Infra Projects Ltd. Long Term Target 25 Stop Loss 30

2. BUY Himadri Chemicals & Industries Ltd. Long Term Target 50 Stop Loss 25

3. BUY Reliance Communications Ltd. Long Term Target 79