Nifty likely to correct; Mindtree, Apollo Hospitals, NIIT Tech, Tata Elxsi eyed for action

Bull market or bear market?

Nifty is likely to correct in the short term. On the lower side, Nifty is likely to slide to 11287 to 11200 levels in the near term. 

Stocks likely to be in limelight today?
Mindtree, NIIT Tech, Tata Elxsi looks good. Apollo Hospitals also looks bullish whereas YES Bank looks bearish.

Sectors likely to impact market today?
Information Technology will help the index higher whereas Financials and OMCs will add the pressure.

Your mid-term view?
We continue to maintain our bias positive for minimum of 11800 levels with a reversal pegged below 11000.

Watch this Zee Business video here:

What drove markets on Monday?
Nifty IT and Pharma on the upside whereas OMC and Financials on the lower side.

Jay Anand Thakkar, CMT- assistant VP, Equity Research, Anand Rathi
Source: DNA Money