Expect supply of paper to remain high in near term: BOAML

Here are experts equity calls for the day on how the markets are expected to trade:

Chris Wood, CLSA: The first few weeks of 2013 have seen an almost unseemly rush by experts on the "great rotation" from bonds to equities as also the end of the secular bear market in US equities. The reality is that growth expectations in the US stock market are way ahead of the fundamental reality. Still, greed & fear would be scared to short the market today given the Fed's strategy of balance sheet expansion. Jyotivardhan Jaipuria, Bank of America Merrill Lynch: While FII flows have been strong and holdings have gone up to highest levels in 5 years, we expect supply of paper to remain high in near term as the SEBI deadline on promoter holdings nears. The move will potentially increase the supply of paper by about 5 billion dollars and could put a cap on rallies.