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Short Covering and Closing at HIgh Point

Short covering rally today was led by realty, metal and IT stocks. Sensex closed at 16063, up 151 points and Nifty at 4765, up 54 points from the previous close. CNX Midcap index was up 2.10% and BSE Smallcap index was up 1.91%. Top Nifty gainers included Suzlon, Reliance Capital and GAIL while losers were Ambuja Cement, ACC and ITC.

As per my last post market closed around my resistance level.Stocks Tips for tomorrow are GLENMARK,BHEL,ABB,TATACOMM,CHENNPETRO