Raymond, Indocount Industries, Arvind and Century Textiles will get astrological support, says Satish Gupta of astrostocktips.
From a global perspective, geopolitical risks will continue and unless there is a disastrous kind of scenario we don’t see it as a big major risk. But, if there is a global correction, the spillover effect could weigh on India markets.
In a coming week, Nifty has an immediate resistance near 10285 above which the next resistance comes near 10400.
On the technical front, 10,150-10,190 spot levels are in a strong support zone and the current trend is likely to continue towards 10,300-10,350 in the expiry week.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 36 points at the opening bell, says Maximus Securities.
Today is perfect for intraday trade. You will enjoy by trading with delivery capacity. Practically speaking, only 2-3 trends are foreseen, as there is no clear trend today, says Ganesha.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10150 and the resistance is at 10315-10537 while Bank Nifty has support at 25000 and resistance at 25534.
The Nifty witnessed wild swings in a 40 point range to end with a 4 point gain at 10,234.50. The Sensex ended 25 points in the red at 32,609.16.
It would be difficult for to market to make new highs every day without a good reason, UR Bhat of Dalton Capital.
The Kochi-based market veteran believes that the key lies in stock-picking and identifying them before turnaround starts to take place.
SRF, Raymond, Indocount Industries, Arvind to get astrological support, says Satish Gupta of astrostocktips.
Jhunjhunwala is also optimistic on the story of financial savings and feels that large part of savings being invested into equity has just started.
In an interview to CNBC-TV18's Latha Venkatesh, Surabhi Upadhyay & Anuj Singhal, a few of the market experts shared their readings and outlook on market technical, fundamentals and F&O side of the market as well as specific stocks and sectors.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 21.5 points at the opening bell, says Maximus Securities.
Between 9.33 to 10.33, Nifty may go down. From 10.33 to 13.10 Nifty will follow the pattern of Asian markets, which shall be a time-pass and on the up side, says Ganesha.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10150 and the resistance is at 10315-10537. On the other hand, Bank Nifty has support at 25000 and resistance at 24534.
The Nifty is in a trading zone of 9,500 to 10,000-10,200 odd for the next 3-4 months, till we see earnings come through, says Akash Prakash, Director, and CEO, Amansa Capital.
For the next couple of days, it could be sideways session but on decline towards 10180, it still remains a buy, says Ashwani Gujral.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, Udayan Mukherjee shared his views and outlook on the markets.
the synergy benefits from the deal with Bharat Financial Inclusion will continue to accrue for IndusInd Bank, said Gautam Duggad, Head of Research - Institutional Equities, MOSL.
Stocks which rose in the S&P BSE Smallcap index include names like Indiabulls Ventures which rose 942 percent, followed by HEG which gained 666 percent, Graphite India (up 484 percent), and Avanti Feeds which soared 365 percent.
In a special conversation with CNBC-TV18's Nimesh Shah, Shankar Sharma of First Global said that he was interested in small caps when no one was tracking them.
Even as these are still early days of earnings season, the trend looks good so far, said Krishna Kumar Karwa
Sunil Sharma of Sanctum Wealth Management believes that money could be made at stock-specific levels despite the earnings story at the index levels.
Market may see profit booking as cash market has little participation, says Dynamic Levels.