TCS, Axis, Kotak Mah Bank, ICICI, SAIL and UltraTech likely to trade with positive bias

1. Bull market or bear market today?

Bull market is likely to continue as the index has taken good support at 10600 levels and it is now inching towards 11850 levels again.

2. Stocks likely to be in limelight today?

TCS, Aurobindo Pharma, Axis Bank, Kotak Mahindra Bank, ICICI Bank, SAIL and UltraTech are likely to trade with a positive bias.

3. Sectors likely to impact market today?

Banking, pharma, metals, cement and IT are likely to trade with a positive bias.

4. Your mid-term view?

Nifty is consolidating within a range of 11550-11850 levels and this range is likely to provide a breakout on the upside as the trend prior to this breakout was up.

5. What drove markets on Friday?

Private sector banks, Reliance, TCS, Aurobindo Pharma and Tata Steel.

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