Market could not sustain the initial enthusiasm. 17 850 3 points higher Sensex and Nifty closed at 5418 up 5 points. Midcap and Smallcap stocks declined. Oil & gas, auto, capital goods fell 1 to 0.75 per cent. Power, consumer durables, PSU, realty, bank stocks was dropped from 0.4 to 0.2 per cent. IT and tech stocks rose by 2 to 1.5 per cent. FMCG, Healthcare, 1 to 0.5 per cent in metal stocks saw strength. Wipro, TCS, HUL, Infosys, Tata Steel, Coal India, Cairn India and Ranbaxy were the top leaders in the two main indices.

Nifty Trend For Tomorrow

Nifty is looking in a consolidate trend today. after a flat trading of last day nifty open on a high mode with a buying pressure, but could not end on same trend. Nifty is looking voletile for tomorrow. It is looking bullish if it cross the resistance level of 5490 else below the support level of 5360 it woul be in a down trend.

Stock Call For Tomorrow

  • Buy Orissa Minerals Development Company Ltd. for intraday target of 52500
  • Buy Ranbaxy Laboratories Ltd. with a intraday target of 555 level.
  • Sell JK Tyre & Industries Ltd. to get intraday target of 120.50.

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