The Indian Stock market closed with moderate gains on the last day of trading. Among the lead gainers were the healtchare, Oil & gas. The Sensex closed up 0.24% and Nifty gained 0.35%. The CNX Midap index was up by 0.53% and Bank Nifty clsoed with 0.8% loss over the week. The BSE Auto up by 1.2%, BSE power lost by 2%, BSE Oil & Gas gained by 0.4% and BSE Healthcare closed with 2.5% gain. The market breadth was positive with advances at 1143 points against declines of 319 on the NSE.
Market Forecast - Markets may remain range bound in the upcoming week and markets would also be looking for quaterly earnings from IT major Infosys. Keep eyewatch on sectors like IT, Banking, Capital Goods and Infrastructure.
Top Nifty Gainers - Ranbaxy, Dr. Reddy, Tata Steel
Top Nifty Losers - Reliance Communications, Cairn Indian, NTPC
Stock Tips for Monday -
-ABAN BUY call above 433, Stop Loss below 427 and Target 440-445.
-Uniphos SELL call below 127, Stop Loss above 133 and Target 120-116.
Click here for more Tips
Intraday Support & Resistance -
-Infosys (Trend - Bullish)
S2 - 2777.40, S1 – 2821.80, PP – 2847.40, R1 – 2891.80, R2 – 2917.40
-ACC (Trend – Bullish)
S2 – 1265.10, S1 – 1312.15, PP – 1343.60, R1 – 1390.65, R2 – 1422.10
-State Bank of India (Trend – Brearish)
S2 – 2049.10, S1 – 2072.70, PP – 2091.30, R1 – 2114.90, R2 – 2133.50
