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The pre election swings in 2014 had also panned out in similar manner before turning higher, and taking out the then record peak
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Updated : May 14, 2019, 05:50 AM IST
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Couple of crucial DMAs are close by, raising a possibility of a a pull back from the 11100 vicinity.
Berger Paints, ITC, Bank of Baroda, State Bank of India, HDFC, Sun Pharma
If the market revives from its crucial support levels, the banking stocks have to support that move. Both PSU and private banks along with NBFCs should lead the rally.
The pre election swings in 2014 had also panned out in similar manner before turning higher, and taking out the then record peak. 11100 is important for such history to repeat.
Concerns over escalating US-Sino trade tensions and weakness in the global peers led India indices lower.
Anand James, chief market strategist, Geojit Financial Services
