Banking, IT, metals, pharma likely to trade with positive bias

1. Bull market or bear market today?

Bull market is likely to continue. The index has taken good support at 10700 levels and it is likely to inch towards 10950 in the short term.

2. Stocks likely to be in limelight today?

HDFC Bank, Maruti, JSW Steel, Mindtree and Suven Life Sciences are likely to trade with positive bias.

3. Sectors likely to impact market today?

Banking, IT, metals, pharma and auto are likely to trade with positive bias.

4. Your mid-term view?

In the mid-term, the index is likely to trade in the range of 11000 to 10600. Till there is no decisive breakout from this range, the index will trade sideways.

5. What drove markets in the last session?

Banking and metals

Jay Anand Thakkar, CMT - assistant vice president - equity research, Anand Rathi Shares and Stock Brokers