Bank Nifty likely to be volatile
While the energy sector should witness some profit booking
Bull market or bear market?
Indian equity market is expected to remain volatile. The resistance on the higher side for the Nifty 50 index is placed at 11170-11200 levels.
Stocks likely to be in limelight today?
ITC, Maruti and YES Bank to be watched. Hero Motocorp and Larsen & Toubro will also remain in focus.
Sectors likely to impact market today?
Bank Nifty is likely to be volatile with key supports at 26800 levels. While the energy sector should witness some profit booking.
Your mid-term view?
We continue to maintain our positive stance on the market.
What drove markets on Wednesday?
Nifty traded in a narrow range of 44 points, whereas there was some bout of profit booking in Realty, Media and IT that lost 1.4%, 1.2% & 0.6%, respectively.
Vikas Jain, senior research analyst, Reliance Securities