Indian attracted good buying action especially in IT stocks. Almost all sectors moved in green. The Sensex closed at 119092, up209 points from its previous close, and Nifty shut shop at 5724, up 69 points.

The CNX Midcap index was down 1.4% and the BSE Smallcap index was down 1%. The CNX Midcap index was up 0.4% and the BSE Smallcap index was up 0.3%. The market breadth was positive with advances at 723 against declines of 576 on the NSE. The FIIs were net buyers with investment worth Rs 72.54 Cr (prov. cash market fig)

Market Outlook

In the next session, NIFTY may face resistance around 5770 while 5680 may act as a support zone. IT and Metals may appear strong. Intraday Traders are suggested to be cautious of profit booking at higher levels. Banking stocks may participate in the upside movement while Cements and Capital Goods may appear comparatively weaker.

Expected Bullish Stocks

STER
PATNI
HCLTECH
INDUSIND
WIPRO
SUNPHARMA
AXISBANK
HINDALCO
OPTOCIRCUI
PNB
TATASTEEL
Aban
INFOSYSTCH
TATAMOTORS
Educomp
MPHASIS
BAJAJ-AUTO
JINDALSAW

Expected Bearish Stocks

IOC
BEL
RELINFRA
TORNTPOWER
ULTRATECH
RELCAPITAL
MARUTI
GRASIM
HINDPETRO
JETAIRWAYS
RCF
LT
ZEEL
HDIL
CIPLA
GLENMARK
FORTIS