We expect a bull market.
Reliance Industries, Kotak Mahindra Bank, Bajaj Auto
Oil & Gas, Bank on the upside while Healthcare and Infra on the downside.
Nifty could make one more attempt to reach or cross 10985 over the next few days and later start a bigger correction.
Nervousness about companies with poor management credibility and/or questionable practices was one of the key issues. Also, monthly auto sales numbers and move towards defensives impacted the market.
Deepak Jasani, head retail research, HDFC Securities