Indian market traded in a range and closed almost flat. Realty and Auto appeared as major gainer while IT appeared as major loser. The Sensex closed at 18469, up 30 points from its previous close, and Nifty shut shop at 5531, up 10 points. The CNX Midcap index was up 0.6% and the BSE Smallcap index was up 0.8%. S&P Defty closed at 4259. The market breadth was positive with advances at 776 against declines of 497 on the NSE. The top Nifty gainers were RCom, Reliance Capital, Ambuja Cements and SAIL and prime losers included Cairn, Sun Pharma, Cipla and BPCL. FIIs were net buyers with the tune of Rs 131.17 cr.

Market Outlook - In the next session, Nifty is expected trade in the range 5477-5564. If sustained above this level it may test 5608 and 5624. However, Nifty may test 5440 and 5408, in case it go below the given range. Bank Nifty has a strong resistance around 11150-60. If sustained above this level it may test 11280-350. In the next session, it may trade with the support of 10860, below this level it may come down to 10760 and 10650. Selected Metals and Oil-Gas along with fertilizers stocks may attract buying while IT and Capital goods may face selling pressure.

Expected Bullish Stocks

RCOM
BGRENERGY
IOB
CANBK
BOI
BHUSANSTL
JSWSTEEL
ESSAROIL
OBC
RELIANCE
WELCORP
RELCAPITAL
UNITECH
SUNTV
AUROPHARMA
CESC
RELINFRA
BAJAJ-AUTO

Expected Bearish Stocks

GLENMARK
TATASTEEL
SBIN
BPCL
HPCL
IOC
CIPLA
PANTALOONR
NTPC
Arevat&d
BHEL
LT
Tata Power
Exide
Sunpharma
Hindzinc
Dabur
PNB