Indian market good buying after a weak start finally closed with moderate gains. Banking and Oil-Gas appeared as major gainer while Capital Goods and Realty remained weak comparatively. The Sensex closed at 18273, up 71 points from its previous close, and Nifty closed at 5481, up 25 points.

The CNX Midcap index was up 0.3% and the BSE Smallcap index was up 0.6%. The market breadth was positive with advances at 701 against declines of 594 on the NSE. The top Nifty gainers were Reliance Capital, RCom, PNB and Kotak Mahindra and prime losers included JP Associates, Hindalco, DLF and BHEL. The FIIs were net buyers with investment worth Rs 233.05 Cr (prov. cash market fig)

Market Outlook
In the next session, NIFTY is expected to trade in the range 5400-5555. Sustaining below 5400 may cause heavy selling pressure. Since Bank Nifty has a strong resistance around 11100-200, Banking Heavy-weights are expected to face selling pressure at higher levels. Metals may again stay strong while Capital Goods may face selling pressure.

Expected Bullish Stocks
MCDOWEL-N
KOTAKBANK
BPCL
HINDCOPPER
RCF
ONGC
RCOM
RIL
SYNDIBANK
CANBK
JAICORP
DIVISLAB
NFL
ORIENTBANK
TATAMOTORS
PNB
IOC
HEROHONDA

Expected Bearish Stocks
SIEMENS
DLF
IBREALEST
INDHOTELS
HINDALCO
GRASIM
UNITECH
SUNTV
IRB
RENUKA
PATNI
GLENMARK
GESHIP
BHARATF
M&M
BAJAJFIN
BGRENERGY
CESC