Choppy trade seen next week as Pak's reaction risk lurks: Pros

The risk of reaction from Pakistan to Wednesday’s surgical strikes is likely to keep Indian markets volatile at least for the next 10 days, feels Nischal Maheshwari of Edelweiss Securities.  

Maheshwari believes valuations are currently stretched. Events lined up over the next few months like US Presidential elections, Federal Open Market Committee (FOMC) meetings and a fair chance of Fed rate hike in December could prove to be serious impediments for markets to hit new highs soon, he says in an interview to CNBC-TV18 in its Closing Bell segment.

According to Ashwani Gujral of ashwanigujral.com, 8,680-8,700 is a key level to be watched out for on the Nifty. However, overall the market does not look like a weak one, he says.

Nirmal Jain of IIFL feels current market dip is a good opportunity to enter. India’s macro fundamentals are good, monsoons have progressed well, GST is not likely to face any stumbling blocks, he says, adding, there can always be unpredictable events that drag markets down but overall outlook is good.Watch video for more.