GCPL, Infosys, Mindtree, Berger, BPCL likely to be in limelight today

1. Bull market or bear market today?

Bull market as the Index has reached to its 200-daily moving average (DMA) support and the downside risk is limited in the short term, hence one can buy at these levels with a reversal below 11100 for an upside of 11300.

2. Stocks likely to be in the limelight today?

Godrej Consumer Products Ltd, Infosys, Mindtree, Berger Paints, and BPCL look good whereas ACC looks weak.

3. Sectors likely to impact market today?

Auto, metals, cement look weak whereas IT, private banks and oil & gas look positive. 

4. Your mid-term view?

The mid-term view is negative as the monthly momentum is negative. Hence, any bounceback should be utilised for exiting longs. The medium-term resistance is pegged at 11700 while support is at 10700.

Jay Anand Thakkar, CMT-Assistant VP- equity research, Anand Rathi Shares and Stock Brokers