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Feb 26, 2013 10:19 AM IST | Source: CNBC-TV18

Expect retest of 2008, 2010 highs of 6,300: CLSA

Laurence Balanco of CLSA said they were still expecting a retest of the 2008 & 2010 highs at 6,300, once this corrective phase has run its course.


Here are experts equity calls for the day on how the markets are expected to trade:


Laurence Balanco, CLSA: A break below 6,000 on Nifty has opened the door for further short-term weakness, back towards the next support at 5,782. However, we are still expecting a retest of the 2008 & 2010 highs at 6,300, once this corrective phase has run its course.

Ridham Desai, Morgan Stanley: The sell-side consensus has now improved, as it usually does with a lag to share prices. But the consensus continues to be more constructive than Morgan Stanley analysts. The opportunity lies at the stock level.

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