Bull market or bear market?
Bull as Nifty has damaged out from a basic consolidation part. However, state elections to add to the volatility. Fiscal deficit GDP numbers and the Reserve Bank of India (RBI) meet to be different elements that would affect sentiment.
Stocks likely to be in limelight today?
Reliance Industries, Infosys and Zee Entertainment
Sectors likely to impression market today?
IT, Media, choose Private Banks
Your mid-term view?
Bullish, after factoring the volatility which state election would convey to the markets. Indices are likely to prolong the upswing additional.
What drove markets on Wednesday?
Stiff resistance across the 100-Dema and former peak of 10775 noticed some revenue reserving in markets. Bank Nifty too shaped an uncertainty candlestick sample which aided to weak spot.
Hadrien Mendonca, senior technical analyst, IIFL Securities