Berger Paints, RIL, Sun Pharma may see positive bias

1. Bull market or bear market today?

Bear market is likely as the Index has reversed from its 200-daily moving average. The short-term target is 10840 whereas resistance is at 11066.

2. Stocks likely to be in the limelight today?

Berger Paints, Reliance Industries, Sun Pharma and Aurobindo Pharma are likely to trade with a positive bias whereas ICICI Prudential Life, TVS Motors, Sun TV, Infosys and TCS are likely to trade with a negative bias.

3. Sectors likely to impact market today?

Nifty IT and Nifty Auto are likely to trade with a negative bias.

4. Your mid-term view?

Nifty is trading in the bear market territory and till it doesn’t close above 11200 levels its likely to trade with a negative bias for the target of 10750-10650. 

Jay Anand Thakkar, CMT -assistant vice-president - equity research, Anand Rathi Shares and Stock Brokers