Mindtree, YES Bank, Jindal Steel may take centre stage today

1. Bull market or bear market?

Considering the call writing and the fall towards the fag end, it would be difficult for Nifty to sustain above 10865 for today. While intraday support is placed around 10750.

2. Stocks likely to be in limelight today?

Stocks like Mindtree, Page Industries, Jindal Steel and Balkrishna Industries are expected to do well. On the other hand, YES Bank, Lupin, Mahindra and Mahindra and ONGC may fall further.

3.Sectors likely to impact market today?

Today, we may see positive momentum in IT and Metal space. While selective Banks and Oil and Gas sector may remain under pressure.

4.Your mid-term view?

Nifty is expected to remain in the broader range of 10650-11000 for coming weeks.

5. What drove markets on Wednesday?

The gain in HDFC twins and IT heavyweights got evened out by fall in Reliance Industries, L&T, ICICI Bank and State Bank of India.

Jay Purohit, technical and derivatives analyst, Centrum Broking