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Equity calls: Tandon, Jain
2008-04-16 08:42:56 Source : Bazaar/CNBC-TV18
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Anand Tandon, Brics Securities: The current rally looks sustainable in the short-term and the market may see another 2-3% upside. I remain cautious from medium-term perspective as there hasn't been any major change in the fundamental outlook.
Vivek Jain, Edelweiss Capital: Support for Nifty is likely at 4900 as Put writing is seen at this level. Nifty can test and break 5050. The downside is limited due to low leverage in stocks. Tech stocks were driven by short covering and should consolidate. Oil & gas should continue to see broad-based rally.
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