Ashwani Gujral of ashwanigujral.com said the market was supposed to rally up to 9150-9170 but it did not reached those levels by the end of trade on Tuesday, so it may continue to trade in the positive for a day or two till it completes its upper-end of the target.
However, once it touches the higher end of the range, one should get ready for downswing as well, says Gujral.
At the close of market hours, the 30-share Sensex was up 172.37 points at 29411.56, while the Nifty was up 61.55 points at 9100.80.
Meanwhile, market expert Ambareesh Baliga says it’s time to book out to some extent and hold on to cash. However, one can keep holding on to stocks linked to affordable housing like Mahindra Life, Puravankara, Sobha.
Interestingly, Rajesh Kothari AlfAccurate Advisors believes the themes that one can look for going forward is export-oriented companies particularly auto ancillary, textile, specialty chemicals etc. From affordable housing point of view, cement as a theme is also likely to do well over the next few years. Consumption like last few years will continue perform.
Mitessh Thakkar of miteshthacker.com and SP Tulsian of sptulsian,com along with the above guest shared their views on buzzing stocks like Bharat Financial Inclusion, Kotak Mahindra Bank, Axis Bank, tyre stocks etc.
For the full discussion, watch videoThe Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Mar 28, 2017 04:58 pm