Reliance, Infosys and Asian Paints likely to be in focus today

Bull market or bear market?

A Bullish market with a bullish undertone is expected given the fact a decisive breakout, follow up buying and blue-chips leading. The lower range of 10920 - 10900 should be utilised to add for upside momentum to 11020, 10880 is the stop loss.

Stocks likely to be in limelight today?

Financials like Bajaj Finserv and Finance, Kotak, Reliance, Infosys and Asian Paints look good as per technical setups.

Sectors likely to impact market today?

Sectors like Financials, NBFC, IT and Energy should continue to lead. Though it is very stock specific as blue chips, for now, are the flavour of the street.

Your mid-term view?

We are conservatively bullish in Nifty from levels of 10850. We expect the upside to expand to 11050-11100. At the same time, the levels at 11150 may prove to be very strong resistance hence we remain neutral above 11100.

What drove markets on Monday?

It was the momentum we observed in blue-chips like Kotak, Reliance, Infosys, and HDFC Bank. Better earnings in last few days had a positive impact on sentiment as well for a stellar day for these stocks.

Mustafa Nadeem, CEO, Epic Research