PSU banks, M&M, OMO stocks likely to steal the show today

Bull market or bear market?

The major trend is positive and a hold above 10975-11000 zones could extend its move towards 11080 levels while on the downside immediate support is seen at 10929 zones. 

Stocks likely to be in limelight today?

PSU Banks (short covering), Titan, M&M, Oil Marketing Companies (OMO) may take the centre stage.

Sectors likely to impact market today?

Bank, IT and NBFC sectors will be impacting the market.

Your mid-term view?

Till it holds above 10835 zones index has potential to move towards its lifetime high of 11171 then 11250 zones.

What drove markets on Tuesday?

Banking, Financial, Oil and Gas helped the market to advance.

Chandan Taparia, AVP, Motilal Oswal Securities