Indian market traded in a small range; Indices appeared losing strength at higher levels; AUTO and OIL-GAS appeared as biggest losers. PHARMA and BANKING stocks attracted some buying interest. Top gainers included SUNPHARMA, STER, ICICIBANK, DLF, HDFC, ICICIBANK, RANBAXY and STERLITE. Top losers are listed as MARUTI, RELINFRA, M&M, TATAMOTORS, HUL, BPCL and CAIRN. The market closed in the positive today. SENSEX closed at 16286, up 49 points and Nifty at 4870, up 13 points from the previous close. CNX MIDCAP index was down 0.49% and BSE SMALLCAP index was down 0.92.

In the next session 4900-4930 may act as a high resistance zone and 4800-4826 as a strong support zone for NIFTY. Breaching of the levels either side may decide the trend. BANK NIFTY FUTURE if traded below 8480 may attract selling pressure over banking stocks. CAPITAL GOODS and IT sector would stand firm on next session.

EXPECTED BULLISH STOCKS:

ABB, WIPRO, TCS, BHEL, ICICIBANK, RANBAXY, SUNPHARMA, TWL, STERLITE, HDFC, SEASAGOA, UNITED PHOSPHORUS, MPHASIS,

EXPECTED BEARISH STOCKS:

SUZLON, BHARATFORGE, DLF, UNITECH, HDIL, IBREALEST, HMT, CROMPTONGREAV, RELCAPITAL, RELINFRA, RIL, INDHOTEL, JAICORP, NAGARCONST, PUNJLLOYD, NMDC, BAJAJHIND, RENUKA.

NIFTY AND BANK NIFTY FUTURE:

SELL NIFTY FUT BELOW 4859 SL 4892.10 TGT 4827-4800-4747. SELL BANK NIFTY FUT BELOW 8500 SL 8540.10 TGT 8444-8403-8340