Expect affordable housing story to help housing finance stocks. Like GRUH Finance and Can Fin Homes in that space, said Prashant Prabhakaran of YES Securities.
Andrew Holland believes its currently time to focus on GST & the disruptions It will cause. He does not think people will rush to buy in the first few weeks of GST.
Prakash Gaba of prakashgaba.com is of the view that if Nifty continues to slide then the next logical technical target is 9466-9439-9400. The crucial support for the Nifty is at 9466-9439-9400 and the resistance is at 9560-9591.
Nilesh Shah of Kotak Mahindra AMC believes that the long term bullish story of the market remains intact and investors, if underweight on equities, could increase investments.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9520-9466 and the resistance is at 9620-9700-9724 and has Mindtree and Sun Pharma as bullish plays while he has Tech Mahindra and UPL as bearish plays.
In the near-term, we have a cautious view on the broad PSU banks.
Would avoid chasing momentum but build a portfolio that has reasonable valuations, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
investors and traders need to brace themselves for slightly more negative trends, Dipan Mehta, Member of NSE & BSE.
Fresh momentum is possible only above 9,710 and on the downside a move below 9,560 would lead to a breakdown from recent consolidation.
According to Technical Analyst Prakash Gaba of prakashgaba.com, support for Nifty is placed at 9620-9560 and the resistance is at 9724 while on the other hand Bank Nifty has support at 23230 and resistance at 23715.
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.
Dharmesh Shah expects the index to continue the consolidation between the broad range of 9500 and 9750 amid stock specific action.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9620-9560 and the resistance is at 9700-9724. On the other hand, Bank Nifty has support at 23530 while the Index has resistance at 23880.
Pramod Gubbi said farm loan waivers could spoil the credit culture of the country.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9620 and the resistance is at 9700-9724. Equitas Holdings, Grasim Industries, Tech Mahindra and Ujjivan Financial Services are the stocks in which he is bullish on.
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.
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.
Bank Nifty has support at 23530 and resistance at 24000, says Technical Analyst, Prakash Gaba.
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.