Bull market or bear market?
With a close above the prior top and trending with the rising channel, Index likely to continue with a bullish bias. Immediate resistance comes around 11030.
Stocks likely to be in limelight today?
Praj Industries, Coromandel and Larsen and Toubro (L&T) stock likely to trade with positive bias.
Sectors likely to impact market today?
Energy sector can face selling pressure, whereas Infra sector can trade with a bullish view.
Your mid-term view?
There can be further upside up to 11080 and 11250 level. The first sign of weakness for midterm will arise when index moves below 10820 level.
What drove markets on Wednesday?
It was a contribution from almost every sector except IT. Infra and banking stocks took the front seat. Nifty mid cap and small cap also performed well.
Kapil Shah, technical analyst, Emkay Global
