Nifty Tips for Next Week

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The markets closed with significant declines today with banking, capital goods, realty and power being the worst performers. Healthcare and oil & gas, too, lost significantly while auto and metal closed positive. The Sensex closed at 17158, down 120 points from its previous close, and the Nifty shut shop at 5205, down 38 points. The CNX Midcap index was down 0.3% while theBSE Smallcap index lost 0.1% in today's trade. The market breadth was negative with advances at 482 against declines of 929 on the NSE. The top Nifty gainers were Bajaj Auto, Maruti Suzuki, Asian Paints and TCSwhile the biggest losers included BHEL, Kotak Mahindra Bank, Dr Reddy's Lab and IDFC.

The markets remained sluggish during the week and closed with moderate declines. The Sensex was down 0.3% and Nifty lost 0.6% over the week. The CNX Midcap index closed with 1.1% loss, BSE Smallcaplost 1.1% while the Bank Nifty closed with 1% loss. TheBSE Auto closed with 1.5% loss. The top Nifty gainers during the week were Bajaj Auto, Cairn India, Bharti Airteland Coal India while the biggest losers included Kotak Mahindra Bank, Tata Motors and Reliance Infra.

Due to Bench marks index expiry week, High volatility will expected in during the time. 5175-5230 will act as no trading zone for this week as advise to side way from market if market will trade in range due to future and option contract expiry.

According to us advise to go short only below 5172 with stop loss of 20-25 point for target of 5120-5065-4980, Or can buy once only above 5235 with stop loss of 5202 for target of 5282-5335-5402.

Our outlook is negative for short term and suggested to go short on higher level with proper stop loss

Share in bullish mode: - COALINDIA, NTPC,ITC

Share in bearish mode: - ACC, TATSTEEL, JSWSTEEL, RANBAXY, SUZLON, GRASIM,SBIN and ADAG Group