28-Dec-11
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The Indian market opens for trade a day ahead of F&O expiry on a flat note. Earlier, the US markets ended flat with the Dow down 2 and Nasdaq up 6 odd points while Asia is in the red at this hour. Sensex is trading at 15853, down 20 points from its previous close, and Nifty is at 4743, down 7 points. CNX Midcap index is down 0.4% and BSE Smallcap index is up 0.2%. The market breadth is negative with advances at 165 against declines of 276 on the NSE.

Buy Apollo Tyres with intra-day targets of Rs 63.50 and 65 and stop loss of Rs 58.

Sell Cipla at Rs 320 with an intra-day target of Rs 314 and stop loss of Rs 323.

Buy Bajaj Auto at Rs 1625 with an intra-day target of Rs 1655 and stop loss of Rs 1610.

A day ahead of F&O expiry, the market is likely to be volatile and sideways.