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HDFC, Siemens, Havells, Bajaj Finance likely to rise today

The index has reversed from the gap support, which has provided a breakout from the falling channel

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HDFC, Siemens, Havells, Bajaj Finance likely to rise today
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1. Bull market or bear market today?

Bull market tomorrow as the index continues to form higher tops and higher bottoms, and till 11800 levels are held the target is 11950

2. Stocks likely to be in the limelight today?

HDFC Ltd, Siemens, Havells, Bajaj Finance are looking good.

3. Sectors likely to impact market today?

Banking and financials, capital goods, cement and consumer durables look good.

4. Your mid-term view?

The index has reversed from the gap support, which has provided a breakout from the falling channel. The medium term support is pegged at 11700, and till those levels are held the overall target comes to 12100 levels.

5. What drove the markets on Thursday?

Banking and financials were the leaders whereas Reliance Industries was the laggard.

Jay Anand Thakkar, CMT-assistant vice-president - equity research, Anand Rathi Shares and Stock Brokers

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