Business
Information Technology will help the index higher whereas Financials and OMCs will add the pressure
Updated : Aug 14, 2018, 05:50 AM IST
Nifty is likely to correct in the short term. On the lower side, Nifty is likely to slide to 11287 to 11200 levels in the near term.
Mindtree, NIIT Tech, Tata Elxsi looks good. Apollo Hospitals also looks bullish whereas YES Bank looks bearish.
Information Technology will help the index higher whereas Financials and OMCs will add the pressure.
We continue to maintain our bias positive for minimum of 11800 levels with a reversal pegged below 11000.
Nifty IT and Pharma on the upside whereas OMC and Financials on the lower side.
Jay Anand Thakkar, CMT- assistant VP, Equity Research, Anand Rathi