HLL, Godrej CP and JSW Steel may trade positive today

1. Bull market or bear market?

We continue with our positive stance, but ahead of the derivatives expiry, there could be some volatility and profit booking from higher levels near to 11560.

2. Stocks likely to be in limelight today?

HLL, Godrej CP and JSW Steel look positive from current levels, while oil marketing stocks could witness profit booking.

3. Sectors likely to impact market today?

FMCG and Metals to have a positive bias while the Energy sector to remain sideways.

4. Your mid-term view?

Nifty 50 index has bounced from the monthly average trend line of 11300 levels and we continue to remain positive. Sectors like FMCG, IT, Metals and Auto to lead the trend for a new high near to 11800 levels over the next two months.

5. What drove markets on Tuesday?

Nifty 50 index closed up 129 points at 11483 reversing its previous day loss with sharp positive momentum in banking, energy and other sectors to close near the high point of the day.

Vikas Jain, senior research analyst, Reliance Securities