Today's Market

Nifty has closed above 6150.

There is positive flows from FII.

The Put call Ratio at 1.08 which is not alarmingly high.

There was buildup at 6200 call & put, along with 6100 and 6000 put indicating portfolio hedge.

There are no negative news in sight except for IIP data and International market.

All above reasons does not suggest any negativity in the market.

Stocks and Sectors to watch :

The biggest gainer were Poly films Stocks (Jindal Poly, Polyplex, Garware Poly, Uflex), they still looks strong with first results of Jindal poly, which is expected on 13th Oct. UFLEX is a better bet out of this pack.

Huge dividend in Piramal Healthcare is overdue, Expect the company to declare a big dividend very soon. (The have cash or Cash equivalent of Rs 485/- per share (PV of cash flow) against the share price of 515, with residual business of CRAMS

RBI has allowed further buying in REC by FII, expect that stock to remain strong.

There are indications and probabilities that Financial Institutions may sell pledge stake of Ispat Ind to other steel companies,  Such stake sale, if it happens will be at premium to market price and there will be open offer, Expect this stock to be Re rated.

There is a buy reports from a leading brokerage on DCB, expect that stock to do well.

There was huge action in Geodesic, followed by price and volume jump. There was huge selling by a leading FII on the counter, which seems to have been absorbed.