HDFC Bank, TCS, Infy, L&T, Nestle likely to be in limelight today

1. Bull market or bear market today?

Bull market as Nifty has taken off its resistance of 11900, above which it has a target of 12100 on immediate basis. The support on the lower side is pegged at 11800 and 11700.

2. Stocks likely to be in the limelight today?

HDFC Bank, TCS, Infosys, Larsen & Toubro, Nestle, ITC and Bosch look positive.

3. Sectors likely to impact market today?

Power, capital goods, IT, banking and financial sectors look positive whereas pharma looks negative.

4. Your mid-term view?

Till Nifty holds 11700 on the lower side, 12100 to 12300 levels are likely on the upside.

5. What drove markets today?

HDFC, HDFC Bank, Infosys, Reliance Industries and Hindustan Unilever.

Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers