SP Tulsian of sptulsian.com said the rally was expected and probably Moody's upgrade came as a catalyst.
Prakash Diwan Altamount Capital Management said till we are closer to Gujarat elections, we will have volatility in the market, which could lead to a sector churn.
If oil is coming down then anything that uses oil goes up, like airline stocks, tyre companies etc. So, if oil trade reverses then it’s good for the Indian economy, says Ashwani Gujral.
SP Tulsian of sptulsian.com is still positive on the market and expects to see some renewed buying in this week.
The level of 10,185 on Nifty is a strong support zone and if it bounces from there then that is the last line of defence, but if that goes then maybe 10,089-10,000 could be seen, says Prakash Gaba.
It looks like the market is expecting a further fall on global indices and so Monday may not be such a good day, says Ashwani Gujral.
Most of the experts were very upbeat on Bharat Forge and thought it was a good buy from a long-term perspective.
The rally in NBFCs has now paused for a while till the laggards like PSU banks etc come back, said Ashwani Gujral.
In the longer term private sector banks will do better in terms of market share, says market expert Anand Tandon.
Stock specific is a good way to trade. As long as we don’t break 10250-10260 levels, the short-term trend is still on the upside, says Mitessh Thakkar.
Ashwani Gujral says PSU banks are a buy on dips and the move that was seen earlier will see a follow through at some point.
It is difficult to justify the levels at which Nifty and Sensex are currently at, says Prasanth Prabhakaran, Senior President & CEO, Yes Securities.
once Bank Nifty can take out 25200 there should be more ahead given that Bank Nifty has just started to build up long positions. Therefore, 10,500-10,600 on Nifty should happen in next series
The Nifty witnessed wild swings in a 40 point range to end with a 4 point gain at 10,234.50. The Sensex ended 25 points in the red at 32,609.16.
For the next couple of days, it could be sideways session but on decline towards 10180, it still remains a buy, says Ashwani Gujral.
the synergy benefits from the deal with Bharat Financial Inclusion will continue to accrue for IndusInd Bank, said Gautam Duggad, Head of Research - Institutional Equities, MOSL.
It is likely that we could spend another day in this 9950-10050 band before fresh triggers come in, which could be earnings, says Ashwani Gujral.
With regards to earnings, not hopeful for the September quarter but headline number for December and March quarters should look good, says Sanjay Mookim Dir, India Equity, BoAML.
The rally seen in the last two days could be a pullback rally on back of strong global market and short covering, but next week onwards earnings will decide the future course of the market, says Sanjiv Bhasin.
Mitessh Thakkar says Bank Nifty remains the key for tomorrow, if there is nothing positive from RBI then Bank Nifty could start correcting and could pressure on Nifty.
Basically, investors need to focus on two themes - banking and consumer-oriented stocks like building materials, automobiles etc., says Dipan Mehta Member BSE & NSE.
Ashwani Gujral of ashwanigujral.com is not yet convinced that the correction is over yet.
Ashwani Gujral thinks 9700 will be taken out and more downside is expected. We could hit the zone closer to 9500-9550.
One needs to be careful at this point in time and not jump in and buy. This could be the time to buy for a bounce back but not for investment, said Amabareesh Baliga.