Colgate-Palmolive, Titan, Fortis to be in limelight today
Our short-term targets are 11460 and 11500. The reversal in the short term is 11335
Bull market or bear market?
The Nifty is likely to continue its bull market both in the short term as well as medium term, hence any dip should be utilised as a buying opportunity. Our short-term targets are 11460 and 11500. The reversal in the short term is 11335.
Stocks likely to be in limelight today?
Colgate-Palmolive, Titan, Fortis, UltraTech Cements, Sterlite Technologies, Tata Steel and Kansai Nerolac Paints are expected to trade with a positive bias
Sectors likely to impact market today?
Bank Nifty is likely to resume its uptrend from here on. IT is likely to witness some profit booking, FMCG is likely to inch higher.
Your mid-term view?
Nifty is trading in its wave 5 up and the minimum equality target on the upside comes to 11650 levels whereas the reversal for the same is pegged at 11100 levels. The extended target for the Nifty comes to 11900 levels
What drove markets on Tuesday?
Metals, some Banking and Financial stocks.
Jay Anand Thakkar, CMT - assistant VP, equity research, Anand Rathi