Expect markets to remain rangebound: BofA ML

Here are experts equity calls for the day on how the markets are expected to trade:
 
Russell Napier, CLSA: European equities are already the cheapest and should outperform relative to other markets. However if Europe's next step towards fiscal federalism falters, the region will face a monetary disaster.

Jyotivardhan Jaipuria, BofA ML: I continue to expect markets to remain rangebound with a weak economy, earnings & reasonable valuations providing an upside cap. While India could benefit in the near-term from a 'risk-on' rally globally, we are skeptical on the sustainability of any sharp rally especially if global commodity prices rise.