Indian market had a weak start but huge buying especially in Banking stocks took indices in green. Finally, The Sensex closed at 19046, up 68 points from its previous close, and Nifty closed at 5711, up 20 points.

The CNX Midcap index was up 0.5% and the BSE Smallcap index was up 0.1%. The market breadth was positive with advances at 651 against declines of 642 on the NSE. Top gainers included ICICI Bank, Rcom, HDFC Bank, Jindal Steel, HDFC, Sesagoa. Top losers are listed as ITC, ONGC, Maruti, RIL, Bhartiartl, BPCL and Ranbaxy. cash market fig)

Market Outlook

In the next session, NIFTY is likely to face resistance around 5750-5770, while 5640 is now a strong support zone. IT stocks may show some strength while Capital Goods and Auto may face selling pressure. Traders are suggested to trade according to the range 5750-5640 in NIFTY.

Expected Bullish Stocks

M&M FIN
ALBK
LICHSGFIN
INDIA BULLS
ICICIBANK
HINCOPPER
INDIANB
ULTRACEMO
DIVISLAB
GODREJIND
CANBK
TATAGLOBAL
IDBI
PFC
AXISBANK
IOB
SRF
TATAPOWER

Expected Bearish Stocks

THERMAX
ONGC
DISHTV
MCDOWEL-N
EIH
BAJAJ-AUTO
ITC
BIOCON
APIL
HPCL
INDHOTEL
JISLJALEQS
BPCL
BAJAJHIND
AUROPHARMA
RIL
RENUKA
GLAXO