Stocks of the day: Pidilite, Bajaj Auto, Voltas, Raymond, Persistent

Bull market or bear market?

The markets are likely to inch higher in the short term. The short-term target for the Nifty is 11653 whereas the reversal is pegged at 11480. 

Stocks likely to be in limelight today?
Pidilite, Bajaj Auto, Voltas, Raymond, Persistent

Sectors likely to impact market today?
Auto, Pharma, Private and the PSU Banks.

Your mid-term view?
Nifty is rising well in an upward sloping parallel channel and its trading well in its wave five up. Minimum target on upside which is equality of wave one comes to 11800 levels. 

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What drove markets on Monday?
PSU Banks, Auto, Pharma, Capitals Goods, Metals and Oil and Gas sectors were well in the uptrend.

By Jay Anand Thakkar, CMT- assistant VP, Equity Research, Anand Rathi

Source: DNA Money