Bull market or bear market?

Bull Market as the Nifty has provided a breakout from an inverse head and shoulders pattern on the daily chart with a buy crossover in its momentum indicator. The short-term target comes to 10980 whereas the support is pegged at 10810 levels

Stocks likely to be in limelight today?

State Bank of India, Srei Infrastructure, Apollo Hospitals, Federal Bank and Bata are likely to trade with a positive bias whereas Aurobindo Pharma, Century Textiles are likely to trade with a negative bias.

Sectors likely to impact market today?

Cement, Auto, Banking and Financials, Infra and consumption looks positive whereas Textiles, Pharma looks negative

Your mid-term view?

In the medium term till Nifty is trading well above 11700 levels the overall bias remains positive for the target of 11200 levels.

What drove markets on Monday?

FMGC, Banking and Financials, Auto And Power stocks traded with a positive bias.

Jay Anand Thakkar, CMT-assistant VP, Anand Rathi