Indian market responded to weak domestic sues and domestic news flows of RBI policy negatively. FMCG and It sector appeared as major loser followed by metals, Auto and Realty. The Sensex closed at 18150, down 209 points from its previous close, and Nifty closed at 5447, down 64 points. The CNX Midcap index was up 0.02% and the BSE Smallcap index was down 0.4%. The market breadth was negative with advances at 455 against declines of 824 on the NSE. The top Nifty gainers were RCom, BHEL, Ambuja Cements and Cairn Energy and prime losers included Maruti, HDFC, Hindalco and DLF. FIIs were net sellers with the tune of Rs 1128.6 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 and 5373 levels. However, 5608 is another resistance level. Traders are suggested sell at rise keeping in view the resistance and support levels. Again, Bank nifty may trade in the range 10777-11090 with other resistance levels 10150 and 10280. However, 10680 may act as a strong support level. Capital goods and Metals may appear stronger while IT and Real estate may face selling pressure.

Expected Bullish Stocks

RCOM
UNIPHOS
IDEA
BHARTIARTL
ALBK
CESC
GODREJCON
BHEL
SIEMENS
ABB
BIOCON
RELCAPITAL
CROMGREAV
CAIRN
RENUKA
TATACHEM
HAVELLS
PNB

Expected Bearish Stocks

MPHASIS
PANTALOONR
NALCO
HUL
DRREDDY
INDHOTEL
SINTEX
MARUTI
GLENMARK
MTNL
ONGC
APOLLOTYRE
HINDZINC
HDIL
UNITECH
SOBHA
HCC
LITL