1. Bull market or bear market?

Expect bearish markets as the index is witnessing selling pressure at higher levels and is currently trading below short term averages.

2. Stocks likely to be in limelight today?

Jindal Steel, Hexaware and BPCL look bullish as they have bounced from the supports whereas Godfrey Phillips India and Kaveri Seed Company looks bearish.

3. Sectors likely to impact market today?

IT and FMCG sectors are likely to continue bullish momentum in such uncertain markets. Realty sector to witness selling pressure.

4. Your mid-term view?

Bullish to range bound view as the index continues to oscillate and is trading above its key monthly support levels. Nifty needs to see a decisive weekly close above 11000 for a bullish momentum.

5. What drove markets on Tuesday?

Metals, Energy & Pharma were major contributors on the upside whereas PSU Banks, IT and Realty added pressure on the lower side.

Manav Chopra, CMT, head research - equity, Indiabulls Ventures