ITC\, Godrej Consumer\, Lupin to exhibit strength today



ITC, Godrej Consumer, Lupin to exhibit strength today

Stock markets

1. Bull market or bear market

Nifty should see positive momentum, and crossover of 10,900 levels will further extend the upmove to 11,100 levels in coming days.

2. Stocks likely to be in limelight

ITC, Godrej Consumer and Lupin will remain positive, while cement stocks can witness profit booking.

3. Sectors likely to impact market

FMCG and Banks to do remain positive, while cement sector will witness profit booking.

4. Your mid-term view?

We remain positive on the market and expect the Nifty 50 index to hold on to 10,600 levels. While the index may find resistance at 11,100 levels

5. What drove markets today?

Nifty traded in a narrow range of 76 points with rollover movements in individual sectors and stocks. IT and auto index declined by 1% while metals, media and PSU banks gained.

Vikas Jain, Senior Research Analyst, Reliance Securities