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16th of July 2018

Economy



IT, pharma and auto sectors may gain today

Bull market or bear market?

The major trend is positive while short-term trend is range bound and requires a decisive hold above 10660 zones for an immediate move towards 10770 then 10835 levels.

Stocks likely to be in limelight today?

TCS, Tata Elxsi, Infosys, KPIT, Aurobindo Pharma, Cipla, Davis lab might be inattention

Sectors likely to impact market today?

IT, pharma and FMCG sectors will remain positive

Your mid-term view?

Till it holds above 10550 zones index has potential to move towards 10929 then lifetime high of 11171 levels.

What drove markets on Tuesday?

Sectors like IT, Auto, Pharma and FMCG contributed to the market.

Chandan Taparia, AVP, Motilal Oswal Securities

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