Until 7,900 is defended on the Nifty, bulls still have hope, says Ashwani Gujral of ashwanigujral.com. If the market consolidates around 7,900-8,100 levels for some time, then bulls can get enough time to get back on their feet. The volitlity also needs some time to go.
Real risks that could affect the market have already been priced in, Gujral says.
The market will bottom out very soon, says Mitesh Thacker of mitechthacker.com. Once the private banks bottom out, the market would be at its lowest considering the fundamentals. This would be a great time to buy into the market.
The market experienced expiry day jitters today as Sensex and Nifty both closed in red today.
In the next 1-2 weeks, a market pull-back to around 8,200-8,250 levels is more likely than declines to around 7,800 points, says Hemant Thukral of Aditya Birla Money.
Watch video for more.