In the near-term, we have a cautious view on the broad PSU banks.
Would avoid chasing momentum but build a portfolio that has reasonable valuations, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
investors and traders need to brace themselves for slightly more negative trends, Dipan Mehta, Member of NSE & BSE.
Infra stocks like Jaiprakash Associates, JP Infra, GMR Infra, MEP Infra, Punj Lyold, Gammon Infra and Man Infra will get astrological support, says Satish Gupta of astrostocktips.
Fresh momentum is possible only above 9,710 and on the downside a move below 9,560 would lead to a breakdown from recent consolidation.
Nifty to open down up by 3 points at 9629 against yesterday's close of 9631.05 as per SGX Nifty, says a report by Dynamic Levels.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 2.5 points at the opening bell, says Maximus Securities.
There are only three trends for trading. From 10.40 am onwards, Nifty may go down, step by step. Hence, enter-exit accordingly, says Ganesha.
According to Technical Analyst Prakash Gaba of prakashgaba.com, support for Nifty is placed at 9620-9560 and the resistance is at 9724 while on the other hand Bank Nifty has support at 23230 and resistance at 23715.
The current breadth is narrowest in the market, says Sanjiv Bhasin of IIFL, so market is definitely going to see weaker days in the month of July.
In a bull market either you can count the risks or you count the cash, says Basant Maheshwari of Basant Maheshwari Wealth Advisors.
Watch the interview of Devang Mehta of BNP Paribas Wealth Management with Surabhi Upadhyay and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on the market.
The expert believes that there is no valuation comfort in most businesses and going forward, the market breadth will collapse and individual stocks will be in focus.
On lower side, Nifty has strong support near 9550-9530 any dip will be good buying opportunity.
Dharmesh Shah expects the index to continue the consolidation between the broad range of 9500 and 9750 amid stock specific action.
Nifty Futures to open gap up by 13 points at 9668 against yesterday's close of 9655 as per SGX Nifty, says Dynamic Levels.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 10 points at the opening bell, says a report by Maximus Securities.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9620-9560 and the resistance is at 9700-9724. On the other hand, Bank Nifty has support at 23530 while the Index has resistance at 23880.
Pramod Gubbi said farm loan waivers could spoil the credit culture of the country.
Tyre stocks like Balkrishna Industries, Apollo Tyres, MRF, Ceat and JK Tyre & Industries will get astrological support, says Satish Gupta of astrostocktips.
Nifty to open gap down by 29 points at 9645 against yesterday's close of 9674 as per SGX Nifty, says Dynamic Levels.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 21 points at the opening bell, says Maximus Securities.
Ganesha avoids predicting for today and also advises you to avoid trading today. Hence do delivery based work, says Ganesha.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9620 and the resistance is at 9700-9724. Equitas Holdings, Grasim Industries, Tech Mahindra and Ujjivan Financial Services are the stocks in which he is bullish on.
The market is an uptrend but a weak one. it is not a market that is ready to shoot up, says Ashwani Gujral.