Tata Global, IOC, Concor, Adani Power likely to be in focus today

Bull market or bear market today?

Today, we may see a volatile move due to rollover adjustments. In volatility, any dip towards 11380 can be used to buy Nifty 11400 call option as we are expecting Nifty to move higher towards 11480 - 11500 levels.

Stocks likely to be in the limelight today?

Tata Global, Indian Oil Corp, Concor and Adani Power are expected to continue its bullish momentum in the coming days too.

Sectors likely to impact the market today?

We may see further weakness in auto space, while the energy sector may see some buying interest in the coming days.

Your mid-term view?

After Friday's rally, there is a shift in the market sentiment, and now the market turned out to be a buy on dips for the coming few weeks. On the downside, 11300-1380 is strong support and a decline towards the same shall be used as buying opportunity for a target of 11700-11750 levels.

Jay Purohit - Technical & Derivatives Analyst at Centrum Broking