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.
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.
ADS BY GOOGLE
video of the day
Sensex yr-end target 26900; cherry-pick pvt banks too: HSBC