IT, Banks, Finance, OMCs and Pharma sector are likely to be in focus
The market is likely to trade in range bound manner with a positive bias. The trading range would be between 10300-10450 levels.
Bull market or bear market?
The market is likely to trade in range bound manner with a positive bias. The trading range would be between 10300-10450 levels.
Stocks likely to be in limelight today?
Axis Bank, Bharat Forge and Indian Oil Corporation (IOC).
Sectors likely to impact market today?
IT, Banks, Finance, OMCs and Pharma sector are likely to be in focus.
Your mid-term view?
Though volatility is high some positive momentum is building up. Currently, mid and small cap stocks are outperforming due to moderation in valuation. This rally can get extended to 10600 to 10700 supported by fall in crude prices and appreciation of the rupee.
What drove markets on Thursday?
Key indices ended on a flat note on Thursday despite fall in oil prices and rupee rising. However, signs of a turnaround were visible in the mid and small cap.
By: Vinod Nair
(Writer is the head of research, Geojit Financial Services)
Source: DNA Money
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