Infosys, SBI, ICICI Bank, RIL, Titan, Maruti Suzuki to be in focus today

Bull market or bear market?

We believe markets are in the oversold zone. We may see some smart recovery in Nifty by all-around participation. I feel Nifty can bounce back smartly and can go to 10500 level.

Stocks likely to be in limelight today?

We believe the stocks which are oversold should be bought. We saw good short-covering in few stocks. The one which we like is Infosys, Maruti Suzuki, Titan, Reliance Industries (RIL), SBI and ICICI Bank.

Sectors likely to impact market today?

We feel IT index has corrected 13-14%. Considering the market volatility the large-cap IT stocks looks attractive for trading.

Your mid-term view?

We believe the market should be in a range bound 10000 on lower side and 10500 on a higher side. We might see stock-specific participation.

What drove markets on Monday?

We saw some the net support in the Infosys, Wipro and Tata Consultancy Services (TCS).

Rahul Shah, VP-Equity Advisory Group, Motilal Oswal Financial Services