MARKET PREDICTION FOR TOMORROW

The Indian markets will open tomorrow and on opening, they will adjust to a global trade setup that  transpire today. In any case, however, no significantly wild opening on the higher side is expected, The coming week will see the levels of 9,162 and 9,235 acting as overhead resistance points. The supports will come in at 8,965 and 8,800 levels. Any move on the downside is likely to make the trading range wider than usual.”It will be difficult to predict which way markets are headed until we see a decisive break on either side of the range.

ITC Ltd., Bajaj Auto Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd. and Cipla Ltd. are seen steadily building upon their relative momentum and will likely to outperform the headline index. “Cipla, which is placed the farthest from the centre point is likely to offer more alpha capturing opportunity On the other hand, there could be further weakness in Kotak Mahindra Bank Ltd. and Titan Company Ltd. as they move from the weakening to the lagging quadrant. Besides, JSW Steel Ltd. and HDFC Ltd are in the lagging quadrant and appear to be losing their relative momentum when compared against the Nifty.