Bull market or bear market?

Bullish market; given the fact, there was decisive gain by some heavyweight sectors like Finance, PSU, Banks etc. The undertone for Nifty also is bullish with improved breadth. 10880 - 10920 looks in sight.

Stocks likely to be in limelight today?

Banks – Pvt. /PSU. Clearly, the leaders are ICICI, SBI, and AXIS. Outperformance is seen in Small & Midcap PSU banks in the last few days and strength is expected to continue.

Sectors likely to impact market today?

Banks – Pvt. /PSU and Financials. Pharma is showing strength and may start leading.

Your mid-term view?

The market is in non-trending phase as there is less conviction in terms of commitment. Undertone largely remains bullish with an upside bias as per derivatives data for 11000-11100. Point of failure is 10625.

What drove markets on Tuesday?

There were fewer cues with larger indecision. Writers ruled the day. All eyes are on Trade war talks between US-China and lined up numbers from Infosys, TCS and IndusInd Bank.

Mustafa Nadeem, CEO, Epic Research