Key indices were mixed early yesterday amid volatile trade due to uncertain market direction. Weak cues from Asian and U.S. markets also played spoilsport.

Tech stocks ended down. Infosys was down at Rs 1973.45 with volumes of Rs 215.28 crs, TCS was down at Rs 1238.05 with volumes of Rs 129.53 crs, Rolta was up at Rs 440.60 with volumes of Rs 90.10 crs, and Wipro closed down at Rs 535.05 with volumes of Rs 83.47 crs.

Pharma stocks witnessed positive trend with exception. Dr Reddy was down at Rs 658.25 with volumes of Rs 104.86 crs, Cipla closed up at Rs 211 with volumes of Rs 40.37 crs, Ranbaxy was up at Rs 395.40 with volumes of Rs 37.54 crs, and Orchid Chemical closed up at Rs 274 with volumes of Rs 24.08 crs.

Banking stocks showed buying opportunity. In the Public Sector banks SBI closed up at Rs 1227.45 with volumes Rs 269.21 crs & Bank Of India closed up at Rs 204.40 with volumes Rs 80.03 crs. In the private sector ICICI Bank closed up at Rs 886.85 with volume of Rs 151.77 crs & HDFC Bank closed up at Rs 1011.05 with volumes of Rs 55.24 crs.

Auto Stocks ended negative. M&M closed down at Rs 716.25 with volumes of Rs.59.61 crs & Tata Motors closed down at Rs 714.35 with volumes of Rs 46.74 crs. While in the 2 wheeler segment stocks, Bajaj Auto closed down at Rs 2635.70 with volumes of Rs 78.02 crs & Hero Honda closed down at Rs 697.60 with volumes of Rs 14.04 crs.

Cement Stocks witnessed mixed trend. GACL closed up at Rs 123.40 with volumes of Rs 61.49 crs, ACC closed up at Rs 875.80 with volumes of Rs 41.34 crs, India Cement closed down at Rs 183 with volumes of Rs 39.23 crs and Birla Jute closed down at Rs 233.75 with volumes of Rs 1.11 crs.

Nifty ended at 4120 down by 14 points

MUKANDLTD
The stock has closed at 95.85.The support for the stock is at 91 levels. The stock faces resistance at 102 levels. Once past this resistance the stock will reach at 107 levels. The MACD indicator for the stock is in the positive zone and moving upwards. The stock can be bought at current level.

JMC PROJECT (522263)
The stock has closed at Rs 260.75.The support for the stock is at 250 on the lower levels and first resistance is at 275 levels. Once past this level the stock will reach at 287 on higher levels. The MACD Indicator is in the positive zone and moving upwards. The stock can be bought at current level.

CROMPTON GRE (532631)
The stock has closed at Rs 229.60.The support for the stock is at 222 on the lower level and first resistance is at 240 levels. Once past this resistance the stock will reach at 246 on higher levels. The MACD Indicator is in the positive zone and moving upwards. The stock can be bought at current level.

FNO Call

BEML Closing : 987.20 Mkt Lot : 250 Margin: Rs 39000 Buy May Fut.@ 978 Stop Loss: Rs 967 Target: Rs 1027

Nifty closed at 4120. Nifty closed at 4120. The support on the lower side is at 4098 level and thereafter at 4076.The resistance exists at 4146 and there after at 4172