Nifty should see positive momentum, and crossover of 10,900 levels will further extend the upmove to 11,100 levels in coming days.
ITC, Godrej Consumer and Lupin will remain positive, while cement stocks can witness profit booking.
FMCG and Banks to do remain positive, while cement sector will witness profit booking.
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
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