Equity calls: Sharma, Baliga, Mutha

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

VK Sharma, Anagram Stock Broking: I expect the market to open on a firm note but would be cautious ahead of Reliance and ONGC results, which could be a decisive factor. I would be bearish only if the Sensex closes below 12785. Till that time, I would stay on the sidelines. 

Ambareesh Baliga, Karvy Stock Broking: The market will try to breach its previous highs in the days to come. Reliance results today will hold the key and could be the next trigger for the market. However, it looks difficult that the Sensex will sustain above 13000 levels.

Karun Mutha, IL&FS Investsmart: The market is expected to stay sideways ahead of the Reliance results, and Diwali holiday. A lot of arbitrage positions are available at the moment as Cost of Carry is high and there has been build-up in the November series. In the metals space, Hindalco has seen good rollover and build-up in the next series.