Nifty likely to see strong support at 5690: Deven Choksey

I like SBI and ICICI Bank. Infosys results are likely to be inline but it's priced in, says Deven Choksey of KR Choksey Securities.

January 12, 2011 / 08:55 IST

Here is expert equity call for the day on how the markets are expected to trade:

Deven Choksey, KR Choksey Securities: I expect a strong recovery after the recent fall. The Nifty is likely to see strong support at 5690 and banks would lead the rally. I like SBI and ICICI Bank. Infosys results are likely to be inline but it's priced in.

first published: Jan 12, 2011 08:53 am

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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347