Indian market had a range bound session with IT and Healthcare stocks traded strong while Metals and FMCG faced selling. The Sensex closed at 20028, down 44 points from its previous close, and Nifty shut shop at 5998, down 13 points. The CNX Midcap index was down 0.4% and the BSE Smallcap index was up 0.2%. The market breadth was negative with advances at 626 against declines of 669 on the NSE. The top Nifty gainers were Ambuja Cements, Cipla, Sesa Goa and Cairn and prime losers included SAIL, RCom, Sterlite Industries and Reliance Infra. The FIIs were net buyers with investment worth Rs 246.31 cr

Market Outlook

In the next session, Nifty may get support around 5957-5988 while 6040-6070 may act as a resistance zone. Traders are suggested to trade in accordance with the range given. Breaching of range either side may decide the level. IT, AUTO and HEALTHCARE may again appear strong. Banking stocks may face selling at higher levels

Expected Bullish Stocks

DISHTV
DIVISLAB
RENUKA
ABB
SINTEX
HDFCBANK
AXISBANK
STER
HINDALCO
HDFC
ACC
BGRENERGY
MPHASIS
TCS
TITAN
HAVELLS
WIPRO
CIPLA

Expected Bearish Stocks

SAIL
IDEA
RECLTD
STER
IBREALEST
PANTALOONR
UCOBANK
DENABANK
HPCL
BPCL
IOC
OPTOCIRCUI
RELMEDIA
ZEEL
RELCAPITAL
APOLLOTYRE
TATAGLOBAL
MCDOWEL-N