-
The Nifty50 rose nearly 1600 points in Samvat 2073 and expectations are that it could witness some profit booking in the near term. However, the long-term trend remains intact and the index is poised to hit 10,500-11,000 in Samvat 2074.
-
The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
-
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
-
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
-
According to Technical Analyst Prakash Gaba of prakashgaba.com, 10,000 has now become a crucial support to work with and the next logical technical target would be 10150-200 zones. The crucial support for the Nifty is at 10000 and the resistance is at 10150-10200. Bank Nifty on the other hand has support at 24200 and resistance at 24534.
-
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Berger Paints and CG Power.
-
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries.
-
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com in which he shared his readings and outlook on market and specific stocks.
-
Here is a list of stocks recommended by various experts which are likely to benefit the most from govt’s decision to introduce fiscal stimulus:
-
Investors should look at stocks which are low risk and are trading at levels which may look expensive but justifies future growth potential of the stock.
-
If index holds above 10,000, there could be more upside but it has to break above 10,137 convincingly.
-
Ashwani Gujral of ashwanigujral.com recommends buying Berger Paints, REC and Wockhardt.
-
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9965 and the resistance is at 10046-10065. On the other hand, Bank Nifty has support at 24500 and resistance at 25000 and advises buying Balkrishna Industries and Berger Paints.
-
Mitessh Thakkar of miteshthacker.com recommends buying Berger Paints and Larsen & Toubro.
-
Ashwani Gujral of ashwanigujral.com advises buying Mahanagar Gas, Yes Bank and Berger Paints.
-
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Berger Paints, Motherson Sumi and UltraTech Cement and sell Godrej Consumer Products.
-
Bonanza expect markets to consolidate and any break below 9880 levels should be a reference point to lighten up long positions.
-
Sudarshan Sukhani of s2analytics.com is of the view that one can buy TVS Motor Company, Maruti Suzuki, Tata Steel, Siemens and Bharat Forge and can sell SRF.
-
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDFC and Petronet LNG and sell Berger Paints while one can hold PNB Housing Finance.
-
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Century Textiles, HCL Tech and Jet Airways and can sell Berger Paints and Sun TV.
-
Prakash Gaba of prakashgaba.com is of the view that technically the next logical target is 10036 as long as 9920 holds. The crucial support for the Nifty is at 9920 and the resistance is at 9969-10036.
-
Rajat Bose of rajatkbose.com is of the view that stocks including Caplin Point, NIIT Technologies and Berger Paints are buys.
-
Mitessh Thakkar of miteshthacker.com suggests buying Petronet LNG, Tata Global, Union Bank of India, Oriental Bank of Commerce and Mphasis.
-
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Chennai Petroleum Corporation and buy Berger Paints and Tata Steel.
-
Most analysts expect crude oil prices to remain rangebound with upside capped at around USD 55 barrel and unlikely to fall below USD 40 to conclude that it is in a bear territory.
