Daily Indian Stock Market Outlook: FairWealth Securities

stock-market-indiaIndian market traded with good gains of almost 2%. Realty and capital goods attracted major buying followed by metals and Banking. Sensex closed at 18449, up 358 points from its previous close, and Nifty shut shop at 5526, up 94 points.

The CNX Midcap index was up 1.2% and the BSE Smallcap index was up 1.3%. The market breadth was positive with advances at 922 against declines of 386 on the NSE. The top Nifty gainers were DLF, JP Associates, Bharti Airtel and Hindalco and prime losers included HCL Tech, Dr Reddy's, ACC and Auto. The FIIs were net buyers with investment worth Rs 538.71 Cr (prov. cash market fig)

Market Outlook
In the next session, NIFTY is expected to trade in the range 5484-5548, sustain beyond the range may decide intraday trend. However, 5616-5646 may be another resistance zone for NIFTY. Metals and Oil-Gas may attract buying in the next session while Auto and FMCG may appear weak.

Expected Bullish Stocks
NFL
SINTEX
CENTURYTEX
HDIL
HINDALCO
HINDCOPPER
SYNDICATYE
IVRCLINFRA
JINDALSAW
BHARTIARTL
EXIDE
AMBUJA
UNIPHOS
DLF
ACC
ADANIENT
IBREALEST
NALCO

Expected Bearish Stocks
VOLTAS
BHARATF
DABUR
ASHOKLEYLAND
WIPRO
ASIANPAINTS
TATAGLOBAL
BOB
APOLLOTYRE
AUROPHARMA
TORNTPOWER
THERMAX
IOC
DRREDDY
GODREJ
HCLTECH
HAVELLS
APIL