Century, Kotak Bank, L&T likely to be in limelight today

1. Bull market or bear market today?

We expect this positive bias to extend further on Wednesday However, the participation may limit to only a handful of the index majors. Nifty has next hurdle at 11,850-11,900 zone and in case of dip 11,700-11,650 would act as a cushion. 

2. Stocks likely to be in the limelight today?

Century Textiles & Industries, Kotak Mahindra Bank, LIC Housing Finance, Larsen & Toubro likely to be in the limelight today

3. Sectors likely to impact market today?

Though we’re seeing a mixed trend on the sectoral front, we feel banking, IT, financial services and Infra can do well in the following sessions. 

4. Your mid-term view?

We expect further consolidation in Nifty in a broader range and movement on the stock specific front would keep the participants busy during that phase. Nifty could hover within 11,300-12,100 range. 

5. What drove markets on Tuesday?

The news of advancement of Southwest monsoon by the IMD and some stability in the crude oil prices helped the markets to inch higher. 

Jayant Manglik, president - retail Distribution, Religare Broking Ltd.