Max Financial Services, DLF and Adani Ports may be in focus today
Nifty Financial sector still at driver's seat and likely to continue to do well
Bull market or bear market?
Nifty index broke Symmetric Triangle on the higher side, it indicates positive movement can spill over.
Stocks likely to be in limelight today?
Max Financial Services, DLF and Adani Ports.
Sectors likely to impact market today?
Nifty Financial sector still at driver's seat and likely to continue to do well. IT and Pharma sector is also gaining momentum.
Your mid-term view?
The index seems to be in broader range as positional to long term moving average is flat which indicates sideways and Daily ATR (Average True Range – Fluctuation) is 122 points. On higher side strong resistance at 10980 to 11000 and on downside support at 10700 level.
What drove markets on Tuesday?
All sector like strategic and sectoral index ended on positive note. The strong performance was seen in IT and energy sector and the large-cap stock was at the leading edge.
Kapil Shah, technical analyst, Emkay Global Financial Services