Bull market or bear market?

The bull market as the index has managed to close well above 10700 levels. Till 10627 levels are held the Index is likely to inch towards 10830 levels in the short-term.

Stocks likely to be in limelight today?

Divis Labs, Sun Pharma, Apollo Hospitals, YES bank, Torrent Power, Cadila Healthcare, Bajaj Finance and NIIT Tech is looking bullish whereas IRB Infra is looking bearish

Sectors likely to impact market today?

Pharma and IT are looking bullish whereas Banking and Infra look bearish.

Your mid-term view?

Till 10627 levels are held the probability of an upward breakout from the consolidating range is quite higher. Nifty has been consolidating in a symmetrical triangular pattern and a breakout from the same is quite likely on the upside till 10627 levels are held. The initial target comes to 10830 and above those 10980 levels.

What drove markets on Monday?

Pharma and IT on the upside whereas most of the other sectors on the downside.

Jay Anand Thakkar, CMT- assistant VP- equity research, Anand Rathi