In an interview to CNBC-TV18's Latha Venkatesh and Prashant Nair, Ajay Srivastava, CEO of Dimensions Corporate Finance Services and Ashwani Gujral of ashwanigujral.com shared their views on the market and specific stocks.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, Rahul Arora of Nirmal Bang Institutional Equities shared his views and outlook on the market.
Bhatia is underweight on technology stocks, though he likes HCL Technologies and Infosys.
Gautam Duggad of Motilal Oswal also said the Q1FY18 earnings season marked another quarter of weak performance and a subdued start to FY18.
According to Prakash Gaba of prakashgaba.com, 9965-10005 is a possibility as long as 9780 holds. The crucial support for the Nifty is at 9780 and the resistance is at 9965-10005. Bank Nifty on the other hand has support at 24000 and resistance at 24750.
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.
COLPAL has retraced marginal from its record high and found support near to medium term moving average on daily chart. Also, it has formed a fresh buying pivot and looks all set for fresh surge ahead. Traders are advised to initiate fresh longs in the given range.
Bank of America Merrill Lynch's December Sensex target is 30,000.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9750 and the resistance is at 9977-9988. On the other hand Bank Nifty has support at 24000 and resistance at 24750.
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.
According to Prakash Gaba of prakashgaba.com, 9750 is a crucial support to deal with and 9877 a strong resistance while he has buy recommendations on stocks including Bajaj Finserv, Biocon, HDIL and Jubilant Foodworks.
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.
According to Prakash Gaba of prakashgaba.com, 9700 is a crucial support to work with and 9900 is the resistance to deal with. Volatility is not ruled out as this is a truncated week. The crucial support for Nifty is at 9700-9640 and the resistance is at 9900. On the other hand, Bank Nifty has support at 23750 and resistance at 24300.
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.
Prakash Gaba of prakashgaba.com is of the view that 9900 would be resistance and a slide to 9700 is a possibility too. The crucial support for the Nifty is at 9700 and the resistance is at 9900, Bank Nifty on the other hand has support at 23750 and resistance at 24500.
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
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.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9862 and the resistance is at 9968-10000. On the other hand, Bank Nifty has support at 24000 and resistance at 24500.