5th April,2011

The markets opened on a positive note but profit taking led the markets towards the previous close in the morning session. However buying across sectors in the afternoon session led the markets higher and ending the day on a firm note. All the Sectoral indices ended in the green with Capital Goods & IT gaining more than 2% while Realty ended with marginal gains.Among the Sensex stocks M & M (4.75%) ,Jaiprakash Asso (3.25%) and BHEL (2.84%) were the major gainers while Reliance Comm (2.24%), Hindustan Unilever (1.62%) and Cipla (1.51%) were amongst the losers. The Sensex gained 281points or 1.45% to close at 19,702 while Nifty gained 82 points or 1.41% to close at 5,908.

Total traded turnover stood at Rs 1,02,076 cr. In equities FIIs were net buyers (Rs 605 cr) while DIIs were net sellers (Rs 389 cr).On the derivatives side, FIIs were net buyers in Index Futures (Rs 1393 cr) Index options (Rs 475 cr), while they were net sellers in Stock Futures (Rs 511 cr) and Stock Options (Rs 6 cr). The US markets ended mixed due to lack of significant economic data. The Dow Jones gained 23 points or 0.19% to close at 12,400 while NASDAQ lost 0.41 points or 0.01% to close at 2,789.

The Asian markets are shut for the day.

The market breadth was positive throughout with FIIs supporting by buying in the cash segment while DIIs continued to sell. Once again buying was seen in the small cap and mid cap stocks. The markets may open on a flat to positive note tracking mixed global cues. Adopt a stock specific approach.

The trend deciding level for the day is 5885, If NIFTY trades above this level then we may witness a further rally up to 5935‐5968‐6000 levels. However, if NIFTY spot trades below 5885 levels then we may see some profit booking to initiate in market, it may correct up to 5850‐5815‐5780.

Stocks to focus for intraday long: Aban, Jindalswhl, M&M.

Stocks to focus for long term: Orient Paper (+60%), Jubliant Life(+50%), Vascon Engineers (+48%)