PSU banks, HDFC, Va Tech can see good traction today

1. Bull market or bear market today?

Markets will be range-bound between 11750 and 11900. If Nifty breaks 11900 level, then it will get bullish momentum.

2. Stocks likely to be in the limelight today?

Budget-related stocks will remain in momentum. We can track HDFC because of the government's focus on housing finance. In a small cap, we can look at VA Tech Wabag because the government is focusing on water cleanliness projects.

3. Sectors likely to impact the market today?

The oil sector can see a negative trend because of an increase in crude prices. PSU banks can see positive momentum until the Budget because of fresh capital infusion by the government.

4.Your mid-term view?

The market is waiting for a proper direction. In the near term, we see it to be range-bound with a slightly positive bias. If Nifty breaks 11900 level, then it can head towards an all-time high.

5. What drove the markets on Monday?

Looking at the US President Trump's decision of delaying the tariffs on Chinese goods, the global markets saw a positive rally, which was replicated in the Indian markets as well.

Amit Gupta, co-founder & CEO, Trading Bells