Indian market traded both above and below the dotted line and closed almost flat. Realty, Capital Goods, Auto and Metals faced selling pressure while IT and Banking Stocks maintained some strength. The Sensex closed at 18882, up 21 points from its previous close, and Nifty closed at 5654, no change. The CNX Midcap index was down 0.9% and the BSE Smallcap index was down 1.5%. The market breadth was negative with advances at 300 against declines of 1016 on the NSE. The top Nifty gainers were HDFC, Axis Bank, Cipla and Infosys and prime losers included Reliance Infra, Reliance Capital, Reliance Power and Associates. The FIIs were net sellers with sales worth Rs 173 Cr

Market Outlook

In the next session, NIFTY is likely to trade in the range 5600-5710. Breaching of 5600 may take NIFTY to 5550 level while sustaining above 5710 may take NIFTY to major resistance zone 5750-70. Traders are suggested to get profit out of stock specific action. Auto, Capital Goods and Realty may appear weaker while FMCG, IT and Metals may show some strength.

Expected Bullish Stocks

PNB
SRTRANSFIN
PETRONET
MARICO
BHARTIARTL
PATNI
IDEA
CASTROL
IGL
HDFC
JISLJALEQS
TATAGLOBAL
POWERGRID
NALCO
ADANIPOWER
AXISBANK
TCS
COREPROTEC

Expected Bearish Stocks

ZEEL
PANTALOONR
SAIL
AXISBANK
LICHSGFIN
IOB
CESC
RCF
NAGARCONST
HCC
IBREALEST
HPCL
M&MFIN
MARUTI
BAJAJ-AUTO
CANBK
DLF
HDIL