Indian market traded in an extremely volatile session, finally closed flattish. Metals attracted major sell off while BANKING and TELECOM were bullish. Top gainers are listed as BHARTIARTL, RCOM, HUL, M&M, ONGC, CHAMBLFERT and LITL.

Top losers included TATASTEEL, HINDALCO, NTPC, TATAPOWER, JPASSOCIATE, GUJNRECOKE and WELGUJ. SENSEX closed at 15935, up 19 points and Nifty at 4760, up 3 points from the previous close. CNX MIDCAP index was up 0.26% and BSE SMALLCAP index was down 0.08%.

NEXT SESSION……..

Although, NIFY has given good recovery from 200 DMA, selling pressure at higher levels is still expected. NIFTY FUT may face high resistance around 4842-4860. At lower levels It has a strong support at 4600-4580.

REAL ESTATE and BANKING may attract some more buying interest.

EXPECTED BULLISH STOCKS:

HINDALCO, SBIN, MARUTI, M&M, RENUKA. SIEMENS, ACC, PNB, UNITECH, DLF, HDIL, BANKBARODA, TATAMOTORS, ONGC,ABAN

EXPECTED BEARISH STOCKS:

JINDALSTEL, TATASTEEL, NTPC, JPASSOCIATE, CHAMBLFERT, RCF, JAICORP, STER, MPHASIS, WIPRO, TCS.

NIFTY AND BANK NIFTY FUTURE:

SELL NIFTY FUT BELOW 4753 SL 4790.10 TGT 4713-4703-4670

SELL BANK NIFTY FUT BELOW 8307 SL 8360.10 TGT 8255-8210-
8140.

FOLLOW UPS.

MPHASIS BUY CALL GIVEN ABOVE 717 STOPLOSS TRIGERRED.

PNB BUY CALL GIVEN ABOVE 861 TGT 892 MADE A HIGH 889.

HDFC FUT SELL CALL GIVEN BELOW 2370 TGT 2328 ACHIEVED.

SBIN FUT ACC FUT CALL NOT EXECUTED.