Topic Brief: Upstream oil companies, real estate & ethanol-based themes may see traction in today's session. Heavyweights like Reliance Industries, ITC & HDFC Bank are not looking overstretched.

Trade Setup 6 August 2021 -

Upstream oil companies, real estate & ethanol-based themes may see traction in today's session. Heavyweights like Reliance Industries, ITC & HDFC Bank are not looking overstretched. Index may take a breather today; keep an eye out on auto ancillaries & realty stocks.

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  • Upstream oil companies, real estate & ethanol-based themes may see traction in today's session.
  • Heavyweights like Reliance Industries, ITC & HDFC Bank are not looking overstretched.
  • Index may take a breather today; keep an eye out on auto ancillaries & realty stocks.
  • All eyes on Nifty Bank as the index is just 2% away from its all-time highs.

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All eyes on Nifty Bank as the index is just 2% away from its all-time highs. Uptick in oil prices may not dampen the sentiment.