State Bank of India, Prestige, MGL likely to be in limelight today

1. Bull market or bear market

After a strong move there can be mild exhaustion. Around 11370 to 11400 Index can find resistance.

2. Stocks likely to be in limelight (today)

SBI, Prestige, MGL seem to be in positive movement

3. Sectors likely to impact market (today)

Financial space likely to be in positive zone but metal & consumption stocks could face downward pressure

4.Your mid-term view?

Index got positive breakout from 3 month consolidation. Index is on buy on dips mode. On lower side good support comes around 11000 level.

5. What drove markets on Wednesday?

Bank Nifty, private bank and financial services (includes NBFC) formed all-time high. It remains torch bearer.

Kapil Shah, technical analyst, Emkay Global Financial Services Ltd