Lupin, HUL likely to be in green, Tata Steel, SBI may fall
Markets are oversold and hence overdue for a bounce; but one may expect renewed selling pressure at higher levels
1. Bull market or bear market today?
Mildly bearish, but waiting to bounce.
2. Stocks likely to be in the limelight today?
Lupin and Hindustan Unilever to be positive while Tata Steel and State Bank of India to be negative.
3. Sectors likely to impact the market today?
FMCG, IT, pharma to be positive while banks, metals and auto may decline
4. Your mid-term view?
Markets are oversold and hence overdue for a bounce; but one may expect renewed selling pressure at higher levels.
Deepak Jasani, head, retail research, HDFC Securities