Indian market traded strong on F&O expiry day with good buying over IT, METALS and Consumer Durables. OIL-GAS faced selling pressure. The Sensex closed at 20389, up
133 points from its previous close and Nifty closed at 6101, up 41 points. The CNX Midcap Index was up 0.5% and the BSE Smallcap index was up 0.4%. The market breadth was positive with advances at 752 against declines of 543 on the NSE. The top Nifty gainers were Suzlon, NTPC, Tata Motors and Hero Honda and prime losers included BPCL, HDFC Bank, Kotak Mahindra and ONGC. The FIIs were net buyers with investment worth Rs 2186.44 Cr

Market Outlook

In the next session, NIFTY is expected to trade in the range 6030-6130. However, 6000 is a strong support level. Intraday traders are suggested to buy at dips as long as nifty sustains 6030 level. Metals, Fertilizers and IT sector may appear strong while Auto and OIL-GAS may appear weak. Banking may play an important role in breaching the above given range of NIFTY.

Expected Bullish Stocks

HDFC
ABAN
BHUSANSTEEL
JINDALSTEL
STER
IBULLS
AXISBANK
HINDOILEXP
INFOSYSTCH
WIPRO
SUZLON
TATAPOWER
BHARTIARTL
INDUSINDBANK
RCF
HINDCOPPER
UNIPHOS
NFL

Expected Bearish Stocks

IOC
BPCL
HPCL
ONGC
GAIL
RELIANCE
IDEA
SYNDIBANK
TATAGLOBAL
CROMGREAV
HDFCBANK
MCDOWEL
ABB
PFC
RELCAPITAL
NAGARCONST
DLF
HDIL