SENSEX NIFTY
Feb 26, 2013, 10.19 AM IST | Source: CNBC-TV18

Expect retest of 2008, 2010 highs of 6,300: CLSA

Laurence Balanco of CLSA said they were still expecting a retest of the 2008 & 2010 highs at 6,300, once this corrective phase has run its course.

Laurence Balanco

Asian Tech Research, CLSA

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Here are experts equity calls for the day on how the markets are expected to trade:

Laurence Balanco, CLSA: A break below 6,000 on Nifty has opened the door for further short-term weakness, back towards the next support at 5,782. However, we are still expecting a retest of the 2008 & 2010 highs at 6,300, once this corrective phase has run its course.

Ridham Desai, Morgan Stanley: The sell-side consensus has now improved, as it usually does with a lag to share prices. But the consensus continues to be more constructive than Morgan Stanley analysts. The opportunity lies at the stock level.

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