Weak global cues led heavy selling pressure over Indian indices, especially, Real estate, Metals and Auto sector faced major sell off. SENSEX closed at 16224, down 271 points and Nifty at 4845, down 86

points from the previous close.

CNX MIDCAP index was down1.86% and BSE SMALLCAP index is up 1.61%. Top gainers included ONGC, ITC, HDFCBANK and GAIL while top losers are listed as HINDALCO, JPASSOCIATE,

TATASTEEL, TATAMOTORS, DLF, SUZLON, RPOWER and RCOM.

NEXT SESSION……..

NIFTY has a good support at 4800 and 4855 levels we expect a good bounce back in NIFTY from these levels in the next session. BANKING stocks may appear stronger. Traders are suggested to buy at

declines as long as NIFTY sustains 4740 level. NIFTY might face resistance around 4909 and 4964 levels.

EXPECTED BULLISH STOCKS:

SBIN, ICICIBANK, BAJAJ-AUTO, MARUTI, BHEL, SIEMENS, ONGC, ITC, HDFCBANK, GAIL, KOUTONS, BHARTIARTL, GRASIM, ACC.

EXPECTED BEARISH STOCKS:

STERLITE, HINDALCO, NALCO, JINDALSTEL, TATAMOTORS, JPASSOCIATE, MTNL, RELCAPITAL, M&M.

NIFTY AND BANK NIFTY FUTURE:

BUY NIFTY FUT ABOVE 4843 SL 4823 TGT 4864-4888-4909+

BUY BANK NIFTY FUT AT DIPS AROUND 8420 SL 8380 TGT 8520-8555-8688.

FOLLOW UPS.

JAICOROP SELL CALL GIVEN BELOW 295 TGT 281 ACHIEVED.

TITAN SELLCALL GIVEN BELOW 1724 TGT 1705 MADE A LOW 1712.

MARUTI FUT SELL CALL GIVEN BELOW 1368 TGT 1350 MADE A LOW 1352.

BAJAJ-AUTO FUT SELL CALL GIVEN BELOW 1703 TGT 1670 MADE A LOW 1675.

NIFTY FUT SELL CALL GIVEN BELOW 4906 TGT 4844 ACHIEVED.

BANK NIFTY FUT SELL CALL GIVEN BELOW 8560 TGT 8462 ACHIEVED.

SIEMENS FUT AND INDUSINDBANK BUY CALL NOT EXECUTED.