Buy Titan Industries only on declines with a stop loss of Rs 1200 for a short term target of Rs 1312

Pennar Industries: Spinnaker Capital Sells 1.17 crore shares @ 32.3 (Sells 9.25% - Now Holds 10.83%). Deutsche Securities Mauritius Sells 32.5 lakh shares @ 32.33 (Sells 2.6% - Now Holds 3%). JR Realtor Services Pvt. Ltd Buys 1.3 crore shares @ 32.3 (New Entrant: Buys 10.2%).

Sicagen India: Credit Suisse Singapore Sells 9.57 lakh shares @ 13.1 (Sells 2.41% - Now holds 2.75%).

Sel Manufacturing: Mavi Investment Fund Buys 3 lakh shares @ 282 (Buys 1.8% - Now holds 6.5%).

Modipon Ltd: Lotus Global Investments Buys 1.2 lakh shares @ 34 (Buys 1.5% - Has bought 3% in 2 sessions, Now Holds 4.3%). India Man Fund Mauritius Sells 1.2 lakh shares @ 34 (Exits: Sells 1.5%, Sells 3% in 2 sessions).

Elpro International: India Max Investment Fund Buys 55 thousand shares @ 600 (Buys 1.55%, Has bought 3.5% in 3 sessions). Keynote Commodities Sells 40 thousand shares @ 600.03 (Sells 1.1%, Now Holds 2.3%).

Rayban Sun Optics: Ratnabali Capital Markets Buys 1.5 lakh shares @ 135.4 (New Entrant: Buys 0.6%).

Shri Lakshmi Cotsyn: Prarthana Brahmbhatt Sells 1.21 lakh shares @ 96.92 (Sells 0.8%).

Sejal Arch Glass: Stock up 22.8%; del vol of 8.3%. NSE vol of 46.9 lakh shares Vs 10-day avg of 1.2 lakh.

Polaris Software: Stock up 4.4%; del vol of 11.3%. NSE vol of 23.8 lakh shares Vs 10-day avg of 24 lakh.

Bosch: Stock up 14%; del vol of 70.9%. NSE vol of 38,000 shares Vs 10-day avg of 1,000.

Apollo Tyre: Stock up 6%; del vol of 36%. NSE vol of 17.6 lakh shares Vs 10-day avg of 10.1 lakh.

Lumax: Stock up 18.5%; del vol of 10.9%. NSE vol of 2.8 lakh shares Vs 10-day avg of 6,000.

SPARC: Stock up 6%; del vol of 40.1%. NSE vol of 5 lakh shares Vs 10-day avg of 3.9 lakh.

Adani Enterprises: Stock down 5.2%; del vol of 86.1%. NSE vol of 5.6 lakh shares Vs 10-day avg of 68,000.

Indiabulls Realty: Stock down 5.1%; del vol of 28.9%. NSE vol of 29.9 lakh shares Vs 10-day avg of 34.7 lakh.

Amtek Auto: Stock down 4%; del vol of 71.4%. NSE vol of 2.4 lakh shares Vs 10-day avg of 1.6 lakh.

    Market wide rollover was at 45% Vs 44% seen on D-2 of last series. Nifty rollover was of 42.5% Vs 48% seen on D-2 of last series. Nifty Futures rolled 1.6 crore shares Vs 1.98 crore shares last expiry. Nifty Futures rolled Rs 6973 crore Vs Rs 8283 crore last expiry. Stock Futures rolled 55-crore shares Vs 46 crore shares last expiry. Futures OI was up Rs 1440 crore while Options OI was up Rs 748 crore. Cement and textile continued to see strong rollovers, telecom & chemicals remain laggards. Nifty Futures added 13.5 lakh shares in OI, premium at 12.7 points Vs 2 points a day ago. Nifty OI Put-Call ratio was unchanged at 1.07. Nifty Puts added 6.8 lakh while Calls added 7 lakh shares in OI. Nifty Sep 4400 Call added 2.5 lakh shares in OI; Nifty Sep 4600 Call added 2.2 lakh shares in OI; Nifty Sep 4200 Put added 1.86 lakh shares in Oil; Nifty Sep 4300 Put added 1.1 lakh shares in OI.

On August 26, net buy by the FIIs in Nifty Futures were Rs 8.2 crore and OI was up by 18,244 contracts, net buy in Nifty Options were Rs 22 crore and OI was up by 22,020 contracts and net sell in Stock Futures were Rs 24.5 crore and OI was up by 13,603 contracts.

It was a flat close for the US markets as the bourses got caught in the august crosswinds of a strong dollar and tropical storm Gustav. Other cues include the Fed minutes which indicated monetary tightening and home sales numbers which rose about 2.4%.

In stock specific action, financials gained about 0.6% on the back of Freddie, Fannie and Lehman Brothers. Exxon Mobil was one of the biggest gainers in the Dow. The tech sector didn’t do well with a host of downgrades coming in.

At closing bell, Dow Jones end up 26.62 points or 0.23% at 11,412.87, S&P 500 ends up 4.67 points or 0.37% at 1271.51, while Nasdaq ends down 3.62 points or 0.15% at 2361.97.

Indian ADRs end mixed

Indian ADRs ended mixed, with gainers outnumbering the losers on Tuesday. In Banking space, HDFC Bank was up 3.67% at $ 87.95 and ICICI Bank was up 2.68% at $ 30.31. In IT space, Patni Computers was up 2.54% at $ 10.51, Infosys was up 1.58% at $ 40.53, Wipro was up 1.68% at $ 11.48 and Satyam Computers was up 0.89% at $ 21.55.

In Telecom space, Tata Communication was up 1.68% at $ 18.71 while MTNL was down 0.62% at $ 4.82. In other sectors, Tata Motors was up 3.28% at $ 9.77, Sterlite Industries was up 1.87% at $ 14.18 and Dr Reddy’s Labs was down 0.07% at $ 13.55.