Ashwani Gujral of ashwanigujral.com says tomorrow the market could have a strong up day because the downside seems to be getting exhausted.
The Indian equity market ended its five-day losing streak and closed in the green. The Sensex was up 85.82 points at 29422.39, while the Nifty was up 32.90 points at 9136.40. The midcaps continued with their outperformance and closed at another record high. However, bank stocks were under pressure.
Mehraboon Irani of Nirmal Bang Securities strongly believes that as long as there is no complacency in the market and scepticism remains, it will not see a huge downside but small corrections could happen on the back of geopolitical tensions.
Ashwani Gujral of ashwanigujral.com says tomorrow the market could have a strong up day because the downside seems to be getting exhausted, which means sellers are unable to get traction.
Nifty likely to open above 9150 and we may see an upswing which may take it to 9240-9250 but for a big uptrend, we need to see some strong triggers.
In the same interview, S P Tulsian sptulsian.com, Mitessh Thakkar of mitesshthakkar.com and Dipan Mehta, Member BSE & NSE also shared their views on different stocks and sectors.For the full discussion, watch video