WEEKLY WRAP & TOP PICKS FOR NEXT WEEK

The Indian indices bid farewell to FY11 on a happy note, as the BSE Sensex and the NSE Nifty cemented their position above 200-DMA while extending their winning streak for a second straightweek. Strong FII infl ows in the past few days has enabled theIndian market to outperform world markets. On Friday however,
the indices ended in the red ,snapping an eight day rally. The Nifty and the Sensex gained 3% each this week to close at 5,826 and 19420 respectively.
Realty stocks were among the top gainers,
while Auto stocks were in demand after most companies announced impressive monthly sales fi gures. IT, Banking and Metals stocks continued to be fi rm as well. Even the Mid-cap and Small-cap stocks managed to attract some attention after being subdued for a while.
Globally, we had a mixed picture this week. The Wall Street continued to be on a tear and showed commendable resilience in the face of multiple global issues. Oil prices surged amid persistent turmoil in the Libya. In addition, the debt issues of peripheral eurozone hit headlines again. Japan continued to struggle in its
efforts to stabilise the earthquake-hit Fukushima Daiichi nuclear plant.
Next week the Markets are expected to consolidate at these levels & the NIFTY is likely to make a dash for 5955, while on the downside it may slip to 5765.
Long positions can be taken in APTECHT for a target of 115, BRIGADE for a target of 103, ESCORTS for a target of 164, GESHIP for a target of 297, HEG for a target 237, PATELENG for a target of 179, RANBAXY for a target of 500, RELMEDIA for a target of 192.
                                                  HAPPY INVESTING........ CHEERS!!!

                                                  ENJOY THE WORLD CUP FINAL