L&T, Havells, Sail, CEAT likely to trade positive today
The benchmark Nifty50 index is trading near its all-time peak. If we decisively cross 11800 level then looking forward towards 12000+ in near-term
1. Bull market or bear market?
The market in April series started with a gap-up and above 11570 level will make positive sentiment as the series goes on. It will remain in upside on next trading session till will touch the psychological level of 11800.
2. Stocks likely to be in limelight today?
L&T, Havells, Sail, CEAT, Grasim, Sun TV and YES Bank are likely to trade with positive bias.
3. Sectors likely to impact market today?
Banking and Financials especially PSU Banks, Metals, mid-caps are likely to trade in positive territory whereas IT might feel some pressure from the upper side.
4. Your mid-term view?
The benchmark Nifty50 index is trading near its all-time peak. If we decisively cross 11800 level then looking forward towards 12000+ in near-term.
5. What drove markets on Tuesday?
Reliance Industries and banking sectors are the main contributors to the upside. While cement stocks and four wheeler segments put pressure.
Abhijeet Bajpai, co-founder, Avighna Trades