Indian market traded in a range above and below the dotted line, finally closed flat. FMCG and Reality attracted good buying. The Sensex closed at 18037, up 29 points from its previous close, and Nifty shut shop at 5396, no change.

The CNX Midcap index was down 0.8% and the BSE Smallcap index was also down 0.8%. The market breadth was negative with advances at 440 against declines of 862 on the NSE. The top Nifty gainers were Suzlon, Hero Honda, ITC and JP Associates and prime losers included PNB, Cipla, Ranbaxy and Wipro. The FIIs were net sellers with sales worth Rs. 65.47cr (prov. cash market fig)

Market Outlook
In the next session, again 5348 may act as a crucial level in NIFTY, sustaining below this level it may test 5230 although 5275-90 may act as minor support levels. 5441-5454 may act as strong resistance in any pull back in NIFTY. Cements and Sugar may attract buying while Pharma and IT may face selling.

Expected Bullish Stocks

WELCORP
UNITECH
LICHSGFIN
SINTEX
FINANTECH
IBREALEST
HAVELLS
MRPL
NMDC
HDIL
PETRONET
GLENMARK
DLF
BPCL
OIL
SUZLON
ASIANPAINTS
RIL

Expected Bearish Stocks

ADSL
ABB
ADANIENT
SUNTV
JETAIRWAYS
CENTRALBANK
THERMAX
HINDOIL
APIL
LITL
MCDOWEL-N
BHEL
INDIANB
VIJAYABANK
LT
PNB
SYNDIBANK
BANKIINDIA