Moneycontrol
Oct 17, 2016 02:12 PM IST | Source: CNBC-TV18

Bull market is alive and well; fall momentary: Malkani

The market, which fell close to 100 points today, is still on its bull run, believes Jagdish Malkani, member of NSE.

The market, which fell close to 100 points today, is still on its bull run, believes Jagdish Malkani, member of NSE.

“Bull market is still alive and well,” he told CNBC-TV18. Another 100 points could fall or add to the Nifty, but its trend has not changed yet.

Malkani believes that unless anything major happens globally, the market is likely to
continue its upward movement.

Prakash Gaba says that 8550-8580 is a psychological safe range. He advises shorting names like Hindalco, Bank of Baroda and Reliance Capital in the current scenario.

Ashwani Gujral of ashwanigujral.com recommends sell on UltraTech and DLF. He also advises a buy on Lloyd Electric.

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