Watch the interview of Deven Sangoi, Chief Investment Officer – Equity at Birla Sun Life Insurance with Prashant Nair and Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
The executive from Avendus Capital Alt Strategies sees some consolidation on D-Street. Among weak sectors, he sees a lot of pain for pharmaceuticals space.
Aviation stocks like Jet Airways, InterGlobe Aviation and SpiceJet will get astrological support, says Satish Gupta of astrostocktips.
Nomura expects the RBI to stay on hold in October, likely with a 5-1 vote.
Bank of America Merrill Lynch's December Sensex target is 30,000.
Around 9.3o am buy Nifty and around 1o.3o am take an exit. Around 11.25 am sell Nifty and exit on earning a profit of two rupees, says Ganesha.
Watch the interview of TS Anantakrishnan, CEO at Varanium Capital Advisors with Prashant Nair and Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
The S&P BSE Sensex rose a little over 18 percent so far in the year 2017 and history suggest that correction in Indian market were largely a result of some global factors.
From 9.15 am to 11.35 am, overall view will be good or slightly upwards. From 11.35 am to 14.35 pm, Nifty will be very boring and will go down, says Ganesha.
Mihir Vora of Max Life explained that given these valuations against the earnings visibility, the market is taking a breather
In conclusion, it would be great if the market presented a correction to buy into stocks but if not, rather than wait.
With strong bearish pattern in daily chart coupled with a market regulatory stance on shell firm and geopolitical issue, the short term consolidation in next session can’t be ruled out unless market witnesses a favourable trigger.
"This is possibly the cleanest bull market ever in India," That is the word coming in from renowned economist and investor, Ruchir Sharma. Speaking to CNBC-TV18's Shereen Bhan in an exclusive chat he says that quality stocks have worked like never before.
From opening till initial 3o minutes, avoid trading. From 9.45 am to 11.35 am Nifty will maintain its strength, says Ganesha.
According to Satish Gupta of astrostocktips, technology stocks like Infosys, TCS, Hexaware Technologies, Wipro and Tech Mahindra will get astrological support.
One common theme that runs across all markets and one that is causing anxiety in the markets is the war mongering between North Korea and the USA
Porinju who is an eternal bull on Indian markets said it is a healthy correction because the market cannot go up every day and dips like these should be used to buy stocks.
Geopolitical tensions surrounding around North Korea is not expected to escalate further, he feels. It will be short term impact on markets, according to him.
In an interview to CNBC-TV18, Arvind Sanger, Managing Partner, Geosphere Capital Management, spoke about his reading of the market and his outlook.
Going forward, the three-digit gann number of 977(0) would be an immediate support point, which is why sustenance above 9,770 could provide a relief rally en route 9,900-9,930 levels.
I am still very bullish on markets, said Samir Arora, Founder & Fund Manager of Helios Capital in an interview to CNBC-TV18. He also shared his readings and outlook on the market and specific sectors.
Gautam Shah of JM Financial believes that the decline in the market will be more global and India may face collateral damage
Tyre stocks like Ceat, Apollo Tyres, MRF and JK Tyre and Industries will get astrological support, says Satish Gupta of astrostocktips.
Going forward, we expect the index to consolidate between the broad range of 9,850 and 10,100 levels while the focus will be on stock specific activity amid the ongoing quarterly earnings season.
Today will be confusing and cause illusions, as Moon and Ketu are still together. From opening to 9.55 am, Nifty will be totally unreliable, hence avoid trading, says Ganesha.