Market outlook for 15.11.2011

The market was opened positive as expected but can't hold the upward momentum. Market witnessed heavy selling in the second half of trading session and Nifty closed at 5148.35, 20.50 low and Sensex at 17118.74 74.08 points low.
Top gainers in NSE were Ranbaxy labs, Bharti Airtel, Hero Honda, Drreddy and Hdfc Bank
Top losers were RIIL, M&M, RPower, Tata Steel & Maruti

Nifty tomorrow

Market expected to open gap down.
Nifty Nov Fut below 5140 may try to hit 5113/5102/5092
Above 5170 Nifty may go up to 5185/5209/5223/5247

Stock picks for 15.11.2011

1. Buy Drreddy at 1645 TGT 1667.30 SL 1623.70 (1 week)

2. Sell Bataindia at/below 675 TGT 652.80 SL 693 (1 week)