Having positive global cues from European market, Indian market attracted buying interest and closed at strong note. SENSEX closed at 16226, up 188 points and NIFTY at 4855, up 53 points from the previous close. CNX MIDCAP index was up 0.52% and BSE SMALLCAP index was up 0.54%. PHARMACEUTICALS, CAPITAL GOODS and METALS attract buying while BANKING and TELECOM stood weak. Top gainers included ACC, TATAMOTORS, HUL, M&M, AMBUJACEM, HINDALCO and RANBAXY. Top losers are listed as BHARTIARTL, HEROHONDA, AXISBANK and JINDALSTEL.

NEXT SESSION……..

Next session may treat nifty closing above 4850, as a good breakout, and may trade positive for the levels 4950-74. Traders may have buying opportunity at declines. 4800 and 4827 may act as good support levels. METALS and CEMENT sector may attract more buying.

EXPECTED BULLISH STOCKS:

ACC, GRASIM, ULTRATECHCEM, TATASTEEL, STER, JINDALSTEL, SAIL, PNB, YESBANK, CANBK, KOTAKBANK, M&M, SBIN, JSWSTEEL. EXPECTED BEARISH STOCKS:

BOI, BHARTIARTL, RCOMM, HEROHONDA, BPCL, HPCL, RENUKA, BAJAJHIND, NMDC, TECHM, RELCAPITAL, AXISBANK.

NIFTY AND BANK NIFTY FUTURE:

BUY NIFTY FUT AT DECLINES NEAR 4855-65 SL 4826 TGT 4909-4949. BUY BANK NIFTY FUT ABOVE 8466 SL BELOW 8412 TGT 8520-8554-8599

NIFTY FUT, BANK NIFTY FUT, PNB, ADANIENT, M&M, SUNPHARMA CALL NOT EXECUTED. CASTROL OPENED NEAR TARGET.