After trading flat in earlier hours, Indian market faced selling pressure and finally ended weak. Sensex closed at 18178, down 117 points and Nifty at 5437, down 31 points from the previous close.

CNX Midcap index was down 0.7% and BSE Smallcap index was down 0.3%. The market breadth was negative with advances at 454 against declines of 828 on the NSE. Top Nifty gainers were Reliance Infrastructure, Hero Honda and Reliance Capital while losers included Ranbaxy, SBI and DLF. The FIIs were net sellers to the tune of Rs 554.60cr (prov. cash market fig)

Market Outlook
In the next session, NIFTY is expected to trade in the range 5408-5506. F&O expiry being ahead, market is expected to remain highly volatile. NIFTY, if sustains below 5402 may attract heavy selling pressure. While above 5506, it may face further resistance at 5556 and 5600. IT and OIL&Gas may attract buying while Auto and Capital Goods may face selling.

Expected Bullish Stocks

RELINFRA
JAICORP
CESC
TATACOMM
DABUR
ULTRACEMO
HEROHONDA
TORRENTPOWER
ACC
ABB
RCOM
HINDZINC
PANTALOONR
RELCAPITAL
INDIABULLS
BANKINDIA
HDFC
JAICORP

Expected Bearish Stocks

JETAIRWAYS
MPHASIS
LUPIN
AUROPHARMA
GESHIP
CIPLA
RANBAXY
GRASIM
LITL
JISLJALEQS
OPTOCIRUI
HINDCOPPER
ASHOKLEYLAND
IOB
DIVISLAB
IDFC
FEDERALBANK
UNIPHOS