Positive global and domestic cues attracted good buying in Indian market. Banking and Realty witnessed major buying while auto and healthcare followed the rally. The Sensex closed at 18358, up 191 points from its previous close, and Nifty closed at 5511, up 61 points. The CNX Midcap index was up 1.4% and the BSE Smallcap index was up 1.3%. The market breadth was positive with advances at 933 against declines of 359 on the NSE. The top Nifty gainers were Reliance Infra, Ambuja Cement, SBI and TCS and prime losers included HUL, Hindalco, Hero Honda and HDFC. FIIs were net sellers with the tune of Rs 134.52 cr.

Market Outlook - Nifty is expected to trade in the range 5446-5563 in the next session. Sustaining below this range it may test 5408 levels. However, 5608 is another resistance level. Traders are suggested to get profit out of stock specific action. Bank nifty may trade in the range 10777-11090. However, 10150 and 10280 are other resistance levels with 10680 as strong support level. Metals and cement may attract buying while Auto and capital goods may face selling at higher levels.

Expected Bullish Stocks

CENTRALBANK
TVSMOTOR
EIH
WELCORP
UNITECH
AMBUJACEM
OPTOCIRCUI
CANBVK
BGRENERGY
IOC
DLF
ACC
GRASIM
EXIDE
RECLTD
YESBANK
BOI
PNB

Expected Bearish Stocks

MPHASIS
PANTALOONR
HUL
BEL
STFC
INDHOTEL
CESC
ABB
HINDALCO
FORTIS
IGL
VIDEOIND
HDFC
ZEEL
NALCO
HDFCBANK
OBC
GESHIP