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Britannia, Wipro, Bata, YES Bank may gain traction today

Index has got stuck in a broad trading range of 10700 to 10985 zones from the last couple of sessions and requires a decisive range breakout for the next leg of rally

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Britannia, Wipro, Bata, YES Bank may gain traction today
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TRENDING NOW

Bull market or bear market? 

Index has failed to surpass 10985 zones and drifted below 10880 zones, index may slip towards its 50 DEMA and next support at 10777 and 10720 zones

Stock likely to be in the limelight today? 

Britannia, Wipro, Bata India, IGL, YES Bank likely to be positive while PSU banks could be under pressure.

Sector likely to impact the market today?

Banks, IT, FMCG and auto.

Your mid-term view?

Index has got stuck in a broad trading range of 10700 to 10985 zones from the last couple of sessions and requires a decisive range breakout for the next leg of rally. 

What drove market today?

Selling pressure in many heavyweight counters including ITC, HDFC, PSU banks,

Chandan Taparia, derivatives analyst at Motilal Oswal Financial Services

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