Bull market or bear market?

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In the last two weeks, Nifty has rebounded from a low of 10138. Being in the oversold region with a fair start to Q2 results had a positive direction to the market. Any decisive break above 10650, can take Nifty to 10800 levels.

Sectors likely to impact market?

Financials, oil marketing companies (OMCs), consumer durables and aviation will be in the limelight given stability in the rupee, oil prices and bond yields.

Stocks likely to be in limelight?

Reliance Industries, ACC, Havells.

Your mid-term view?

After seeing negative sentiments, the market is likely to have a bounce in the near term. Post recent sharp correction, valuations have moderated to some extent.

What drove markets on Tuesday?

Initial set of results began on a positive note, with IT, FMCG and private banks meeting expectattion, which has eased investors’ nerves.

Vinod Nair

Head of research, Geojit Financial Services Ltd

Source: DNA Money