Indian market again faced selling pressure where Banking, Auto, and Realty appeared weak along with midcap while IT sector maintained some strength. The Sensex closed at 20184, down 116 points from its previous close, and Nifty shut shop at 6048, down 31 points. The CNX Midcap index was down 1.2% and the BSE Smallcap index was down 1.1%. The market breadth was negative with advances at 312 against declines of 991 on the NSE. The top Nifty gainers were Sun Pharma, Hindalco, NTPC and Bharti Airtel and prime losers included Bajaj Auto, Ambuja Cements, ACC and Sterlite Industries. The FIIs were net sellers with sales worth Rs 385.63 Cr

Market Outlook

In the next session, nifty may trade in the range 6000-6110. Traders are suggested to buy at dips as long as NIFTY holds 6000. IT and PHARMA may again attract buying; Cements, fertilizer-Chemical, OIL-GAS and Reality may face more selling. Banking stocks may show a pull back from lower levels.

Expected Bullish Stocks

MARICO
JISLJALEQS
JINDALSAW
PETRONET
IRB
SUNPHARMA
TCS
INFOSYSTCH
WIPRO
POWERGRID
BHARTIARTL
RELIANCE
Hul
GLENMARK
ITC
DRREDDY
LUPIN
INDHOTEL

Expected Bearish Stocks

RCF
NFL
BGRENERGY
ONGC
BPCL
HPCL
BANKBARODA
SBIN
ABIRLANUVO
STER
ACC
RECLTD
BAJAJ-AUTO
MARUTI
UNIPHOS
HINDOIL
UNITECH
HDIL