BOI, YES Bank, Reliance Industries likely to trade positive today

1. Bull market or bear market?

Bull market as fundamentals and technical both are backing the sentiments. Once Nifty crosses 11600 it may eye towards 12000 mark.

2. Stocks likely to be in limelight today?

Bank of India (BOI), YES Bank, Reliance Industries for positive reasons and Jet Airways, Eicher Motors for negative reasons.

3. Sectors likely to impact market today?

Stock specific impacts are expected rather than sector-specific, with banking as an exception considering recent rally.

4. Your mid-term view?

I am hoping 12000. Nifty closed positively from the last seven days. It is an early indication of new highs. If 11600 mark is crossed midterm could get achieve in the short term as well.

5. What drove markets on Tuesday?

PSU Banks are major contributors with BOI improved by 6%. Oil and Gas stocks were also featured among gainers and ONGC, RIL and Gail were top gainers. ITC from FMCG also featured with around 2% upside movement.

Shivendra Foujdar, founder and managing partner, Avighna Trades