BSE LIVE 17,101.54 -84.14 -0.49% NSE 5,108.90 -22.80 -0.

44%

Our market underperformed its Asian peers and despite a good start this week it
failed to cross its 52-week high of 5180 on Nifty. Experts feel the market is in a
range and needs some positive triggers to take it higher. They feel next week could
be a break down or a break out for our market. Some feel, the crucial Nifty level to
watch is 5180 on the upside and 4900 on the lower side. This week's decent figures
were: Sensex up 3%, Nifty up 3.5%. BSE Midcap index was up 4.5%, BSE Smallcap
index up 6.5% over the week. All sectoral indices ended in the positive this week.
BSE Realty index was up 9.5%, BSE Metal index up 7.3%, BSE Auto index up 4.6%,
BSE Oil & Gas index up 3.7% and BSE Bankex index up 3.3
For investors, it is a good time to accumulate fundamentally good stocks with a 2-3
year horizon, says Deven Choksey of KR Choksey on Zee Business. His top picks,
must-have in a portfolio, are L&T, BHEL and Siemens. In capital goods, Reliance
Capital and SBI and in the pharma space, Glenmark (midcaps) and Cipla, Ranbaxy

The market has been trending sideways in a tight Nifty band of 5110-5160, says
Ashwani Gujral, technical analyst, on CNBC TV18. With the break of this range, now
it could go to 5050-5030 levels and there is a negative bias, he says. Only if Nifty
4:20 PM||The mark

breaks above 5180 decisively then there are a further upside, he adds.

The macros are positive: steady IIP growth, good GDP numbers, month-on-month
positive news from the cement and auto space, says Sethuram Iyer of Shinsei AMC
on NDTV Profit. There is nothing to impact the market in a big negative way, he
feels. Inflation is a concern and withdrawl of stimulus could impact liquidity, Hold
Jubilant Organosys with a target of Rs 378 in 4 weeks, says Hemen Kapadia,
technical analyst, on CNBC TV18. The stock is currently trading at Rs 333, down
4:01 PM||Hold <a h

4.18% on the BSE.

The market could continue to trade in the Nifty 4900-5200 range as it has stiff
resistance at 5200-5300, says Shruti Meghnani of Antique Stock Broking, on CNBC
3:45 PM||The mark

TV18. Book profits at higher levels, she adds. There was some Dubai
overhang in world markets that saw some weakness but our market has shrugged
off the news now, feels Kavi Kumar, market expert, on Zee Business. Our market is
looking for a fresh trigger to take it up, he says. His top long-term picks in the
media space are Zee Entertainment and Network 18It was a lackluster day of trade
as the market ended flat with profit booking seen at higher levels. Sensex closed at
17101, down 84 points (provisional) and Nifty at 5108, down 22 points (provisional)
from the previous close. CNX Midcap index was up 0.02% and BSE Smallcap index
was up 0.39%. The market breadth was negative with advances at 594 against
3:37 PM||It w as a

declines of 674 on the NSE.