NIFTY OUTLOOK FOR 15 & REVIEW

ZIGZAG MOVEMENTS WITH BETTER MID SESSION

Nifty                               8106    +20

Nifty traded in a narrow and choppy fashion and closed with a gain for the day and for the week too. Nifty closed above 8100 mark once again. Nifty spot is expected to encounter resistance at 8145, 8180 and find support at 8065, 8030 for Monday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to trade in a zigzag manner with better mid session.

SENSEX REGAIN 27000 MARK

Markets today snapped a three-day losing run with Sensex rising 65 points to reclaim 27,000-mark and Nifty gaining 20 points to end above 8,100-level on buying in select bluechips ahead of IIP and retail inflation data. Both benchmark indices also logged their fifth straight weekly rise -- one of the longest string of wins in 12 months. Traders said activity was choppy as some participants exercised caution ahead of macroeconomic data releases. Mixed global cues also capped gains, they added. Select pharma, consumer durable, auto and FMCG stocks were in demand while power, capital goods, realty and metal shares attracted profit-booking. Smart rise mainly in ITC, Cipla, HDFC and Maruti Suzuki shares aided the rebound. Laggards included Hindalco, Sun Pharma, RIL, NTPC, L&T, Infosys, ICICI Bank and Coal India. The 30-share BSE Sensex moved in 131-point range, before settling above 27K-level at 27,061.04 -- a rise of 65.17 points or 0.24 per cent. In previous three days, it had fallen by 323.98 points or 1.19 per cent. On a weekly basis, Sensex logged its fifth straight rise as it inched up 34.30 points. The wide-based 50-issue CNX Nifty of the NSE also recovered by 19.80 points, or 0.24 per cent, to regain 8,100-mark as it closed at 8,105.50. It had shed over 88 points in previous three days. On a weekly basis, Nifty also logged its fifth straight rise as it inched up 19 points.