1. Bull market or bear market?

Likely to be a bear market since a formation of Dark cloud cover indicates resistance on the upside. We may see selling pressure at levels of 10840 – 10830.

2. Stocks likely to be in limelight? 

Stocks like Bharti Airtel, ICICI Pru, L&T, ACC, and Ultratech are expected to be in limelight. 

3. Sectors likely to impact market 

Financials, Pvt. Banks,  IT and Pharma will be the sectors that are likely to impact the market. 

4. Your mid-term view?

With the current geopolitical scenario, We expect Nifty to trade range-bound between 10600 - 10950.  

5. What drove markets today?

It was the rise in VIX for the second consecutive day which is up now 26% as investors rush to hedge and add puts.

Mustafa Nadeem, CEO, Epic Research for Quick5 column.