ACC, Aurobindo Pharma, GIC, LICHF likely to be in limelight today
The index seems to be in the grip of bulls
Bull market or bear market?
The index seems to be in the grip of bulls. Sustainability above 11580 can lead to a further upside move up to 11620 which is the slope of the rising trend line.
Stocks likely to be in limelight today?
ACC, Aurobindo Pharma, General Insurance and LIC Housing Finance.
Sectors likely to impact market today?
From strategic index perspective Nifty next 50 stocks likely to do well and from sector index perspective Energy, Infra seems to be at the sweet spot.
Your mid-term view?
Looking at the broader perspective, the index is moving in the upward sloping channel and there is no weakening sign.
What drove markets on Tuesday?
Except for the pharma sector, there was no outperformance by any index. As a stock, commodities like cement/urea and pharma took lead in outperformance.
Kapil Shah, technical analyst, Emkay Global Financial Services