1. Bull market or bear market?

Bull market as Bank Nifty has broken out from a cup and handle pattern on the daily chart. It is also comfortably sustaining above its 50-DEMA of 27100. Advisable to remain long.

2. Stocks likely to be in limelight today?

Bajaj Finserv, KNR Construction, Merck Ltd, Bandhan Bank and ACC.

3. Sectors likely to impact market today?

Banks, Pharma, Midcap and Small-Cap.

4. Your mid-term view?

Bullish as markets have resumed its upswing and is likely to make a dash towards its all-time high levels ahead of general election.

5. What drove markets yesterday?

Midcap and Smallcap space continued to hog the limelight. A breach past the 11000 psychological mark lifted the sentiments which drove Nifty higher. Bank Nifty too showcased strong bullish signs which aided the rally.

Hadrien Mendonca, senior analyst, IIFL Securities Ltd