Indian market faced profit booking after four days of upward rally and appeared as moderate loser in indices. Banking, Metals, Auto, Telecom appeared as major losers. Sensex closed at 20498, down 62 points and Nifty at 6146, down 11 points from the previous close. CNX Midcap index was down 0.3% and BSE Smallcap index was down 0.04%. The market breadth was negative with advances at 600 against declines of 713 on the NSE. Top Nifty gainers were Suzlon Energy, HCL Technologies and HUL while losers included ICICI Bank, SBI and RCom. The FIIs were net buyers with investment worth Rs 717.76 Cr.

Market Outlook

In the next session, NIFTY is expected to trade in the range 6118-6180. Sustaining beyond the range may decide the intraday trend. Power, Energy, Pharma and FMCG may attract buying while auto and real-estate may face selling pressure. Traders are suggested to trade according to the given range of NIFTY.

Expected Bullish Stocks

Arevat&d
Techm
BHUSANSTEEL
APIL
EXIDE
JINDALSAW
SUZLON
NFL
HUL
APOLLOTYRE
RELINFRA
DABUR
WELCORP
GLENMARK
ITC
DRREDDY
DIVISLAB
SCI

Expected Bearish Stocks

ALBK
BAJAJ-AUTO
MARUTI
ABB
HDIL
DLF
HINDOIL
HDFC
RECLTD
OPTOCIRCUI
HPCL
IOC
BANKBARODA
IDEA
UNIPHOS
ZEEL
VOLTAS
SESAGOA