Twitter
Advertisement

NIIT Tech, Bata, Cadila, Divis Lab likely to be in focus today

Expecting a turbulent September for investors, and volatility should keep on surfacing through the month

Latest News
article-main
FacebookTwitterWhatsappLinkedin

Bull market or bear market?

Positivity in Nifty is expected to hang around while above 11540 with immediate upside objectives seen at 11610/11650. However, a break above the 11650 regions is required to confirm the revival of short-term positivity. Major dips are not anticipated as long as 11470 holds.

Stocks likely to be in limelight today?

NIIT Tech, Bata India, Divis Lab and Cadila Healthcare and Reliance Capital are technically poised for upsides.

Sectors likely to impact market today?

Frontline IT stocks may be under pressure. But IT midcaps are better-poised show firmness. Pharma midcaps are also expected to perform well. Metals have been also under the radar but the rising trade tension may be a troubling factor. Consumption-based stocks and private banks have underperformed in the last week, and a bargain buying could be anticipated. Power finance companies are also in the limelight.

Your mid-term view?

Expecting a turbulent September for investors, and volatility should keep on surfacing through the month. This, on the other hand, should throw up the opportunity for short-term traders and options players.

What drove markets on Thursday?

Value buying was always on the cards following a steep correction, which aided the sharp pullback. Pharma's rise on the backdrop of weak rupee also added muscle to such push higher.

Anand James, chief market strategist, Geojit Financial Services

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement