Mkt preparing for next big bull phase: Morgan Stanley
Ridham Desai of Morgan Stanley believes that the market is preparing itself for the next big bull market.
August 07, 2012 / 08:37 IST
Here are experts equity calls for the day on how the markets are expected to trade:
Ridham Desai, Morgan Stanley: The Nifty is trading in the lower half of the big trading range of 4,500-6,000, which leaves us with decent upside that could materialise in the coming months. We believe that the market is preparing itself for the next big bull market. In the meanwhile, investors can continue to make outsized returns because individual stocks, both large and small, are already in a bull market.Michael Kurtz, Nomura: Despite the criticality of longer term fiscal adjustments in the US and Europe, it is still monetary policy that remains the key to near-term global equity risk tolerance. We believe the risk of a global recession has been priced in and hence we see room for inexpensive, under-owned risk assets to outperform in H2. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
