Published on Fri, Dec 08, 2006 at 08:38 | Source : Moneycontrol.com
Updated at Fri, Dec 08, 2006 at 08:51
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Equity calls: Kapoor, Sharma, Kumar
Correction is long overdue and a bit of exuberance suggests that its likely. The breadth of the market has been weak in the past few trading sessions and a 10% correction from higher levels is possible, says Kapoor.
Vibhav Kapoor, IL&FS: Correction is long overdue and a bit of exuberance suggests that its likely. The breadth of the market has been weak in the past few trading sessions and a 10% correction from higher levels is possible.
VK Sharma, Anagram Stock Broking: The Nifty has been consolidating and one should use any weakness to buy with 3980 as a tight stoploss. Those not willing to ride the volatility, should enter only above the 4040 mark.
Shomesh Kumar, Karvy Stock Broking: The market mood is on the upswing unless the Nifty closes below 3990. There are no visible signs of correction, as generally there is selling in the cash market before unwinding in the futures market.
