The current breadth is narrowest in the market, says Sanjiv Bhasin of IIFL, so market is definitely going to see weaker days in the month of July.
In a bull market either you can count the risks or you count the cash, says Basant Maheshwari of Basant Maheshwari Wealth Advisors.
Watch the interview of Devang Mehta of BNP Paribas Wealth Management with Surabhi Upadhyay and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on the market.
The expert believes that there is no valuation comfort in most businesses and going forward, the market breadth will collapse and individual stocks will be in focus.
On lower side, Nifty has strong support near 9550-9530 any dip will be good buying opportunity.
Global guru Mark Mobius, Executive Chairman of Templeton Emerging Markets Group believes that the impact of China's MSCI inclusion will be gradual. But fears that China weightage could go up to 40 percent and that will not be good for emerging market investors.
Dharmesh Shah expects the index to continue the consolidation between the broad range of 9500 and 9750 amid stock specific action.
Pramod Gubbi said farm loan waivers could spoil the credit culture of the country.
Tyre stocks like Balkrishna Industries, Apollo Tyres, MRF, Ceat and JK Tyre & Industries will get astrological support, says Satish Gupta of astrostocktips.
In a booster shot for the Chinese stock market, MSCI plans to add mainland Chinese shares to its benchmark emerging market index. In an interview to CNBC-TV18, Jonathan Garner, Chief Asia and EM Equity Strategist at Morgan Stanley shared his views and readings about what will this do to the other emerging markets like India.
Ganesha avoids predicting for today and also advises you to avoid trading today. Hence do delivery based work, says Ganesha.
The market is an uptrend but a weak one. it is not a market that is ready to shoot up, says Ashwani Gujral.
Farm loan waivers not only spoil the credit culture but the states going for this scheme may not be financially able to support it, says Mukul Kochhar of Investec Capital Services.
Neelkanth Mishra of Credit Suisse said that the momentum was weak and broader economy was unlikely to pick up any steam. He suggests looking at stocks or sectors that offer supernormal growth.
There is a structural issue in the IT space and the pain may take the time to go away.
The level of 9,700-9,720 will be the immediate resistance above which uptrend would confirm and the market will remain upside for over short to medium term.
Bharat Iyer of JP Morgan feels equity markets appear fully valued on a near-term basis.
It would be safer to play stocks like HDFC Bank, ICICI Bank, which may not correct in case there is a fall, Abhimanyu Sofat of IIFL.
On the basis of SMA, Nifty is trading above its 20-days EMA. Further, a strong support level is seen at 9,555 while the resistance will be tested at 9,709 level.
And for the fourth coming week, if Nifty50 manages to close above 9,600 levels in immediate trading session then short term outlook shall turn positive and Bulls can once again make an attempt towards 9,700 levels.
The earnings are unlikely to improve by next quarter but people are expecting earnings to turn up in the second half of this year. And, that is what market is hoping for.
Globally, the biggest risk is slowing China, and if they have stated that they are buying US treasuries, it means they are likely to depreciate their currency said Andrew Holland, CEO, Avendus Capital Alternate Strategies.
One should expect volatility and resistance on the upside, said R Sreesankar of Prabhudas Lilladher.
Housing finance stocks like HDFC, Can Fin Homes, GIC Housing Finance, PNB Housing Finance and LIC Housing Finance will get astrological support, says Satish Gupta of astrostocktips.
As much as 60 percent of the earnings are either got to do with global commodity stocks or global commodity companies.