Reliance Industries, Infosys, Zee likely to take centre-stage today

Bull market or bear market?

Bull as Nifty has broken out from a classic consolidation phase. However, state elections to add to the volatility. Fiscal deficit GDP numbers and the Reserve Bank of India (RBI) meet to be other factors that could influence sentiment.

Stocks likely to be in limelight today?

Reliance Industries, Infosys and Zee Entertainment

Sectors likely to impact market today?

IT, Media, select Private Banks

Your mid-term view?

Bullish, after factoring the volatility which state election would bring to the markets. Indices are likely to extend the upswing further.

What drove markets on Wednesday?

Stiff resistance around the 100-Dema and previous peak of 10775 saw some profit booking in markets. Bank Nifty too formed an uncertainty candlestick pattern which aided to weakness.

Hadrien Mendonca, senior technical analyst, IIFL Securities