Moneycontrol
Nov 17, 2017 05:10 PM IST | Source: CNBC-TV18

Still a buy on dip market; Q3, Q4 earnings expected to be better: Experts

SP Tulsian of sptulsian.com said the rally was expected and probably Moody's upgrade came as a catalyst.

CNBC TV18 @moneycontrolcom

Although the initial euphoria of upgrades from Moody’s petered out by the end of the market session on Dalal Street, the 30-share BSE Sensex gained 235.98 points or 0.71 percent at 33,342.80 and the 50-share NSE Nifty rose 68.80 points or 0.67 percent to 10,283.60.

SP Tulsian of sptulsian.com said the rally was expected and probably Moody's upgrade came as a catalyst.

Ashwani Gujral of ashwanigujral.com says there is need of couple of more days of action to see what happens to the market.

It is still a buy on dip market, says Gujral because it returned from the 50 day moving average and moreover, the market rallied yesterday as well, so today was expected to be a flat day.

Prakash Gaba of prakashgaba.com says the first sign of strength on Nifty would be when it starts to trade above 10,320 and when that happens it is time to buy.

R Sreesankar Prabhudas Lilladher still believes that the after effects of demonetisations and disruptions caused by GST implementation had huge role to play in Q2 earnings. However, Q3 and Q4 need to be much better and are likely to be better, he said.

Along with all the guests, Sudip Bandopadhyay Inditrade Capital also shared his views on stock specific action.

For entire discussion, watch video
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