Moneycontrol
Last Updated : Jan 08, 2018 05:30 PM IST | Source: CNBC-TV18

Market showing strength; Nifty may head towards 10740-10750 in few days: Experts

Nifty is likely heading toward 10,740-10750 in next few days. Buying on dips is advisable, said Mitessh Thakkar of mitesshthakkar.com

CNBC TV18 @moneycontrolcom

It was a good day for the market with Sensex, Nifty and Nifty Midcap ending at record closing highs with contribution from financials and IT stocks.

Nifty closed above 10,600 for the first time ever and the 30-share BSE Sensex rallied 204.36 points to 34,358.21.

Ashwani Gujral of ashwanigujral.com said it is safe to say that the bull market is only in midcap and smallcaps, and people who invest in largecaps now have better options. The message is clear that there is outperformance in midcaps and smallcaps, while largecaps will limp along without any major gains, unless we get some macro news that drives large money towards them, he added.

Mitessh Thakkar of mitesshthakkar.com said he would continue with long bias for tomorrow because the market is showing strength. One can put a trailing stop loss at 10,550 that is 10 points below the gap-up opening today and look at Nifty heading toward 10,740-10750 in next few days. He said buying on dips is advisable.

Other fundamental and technical experts SP Tulsian of sptulsian.com, Kunj Bansal, ED & CIO, Centrum Wealth Management and Mayuresh Joshi of Angel Broking shared their views on specific stocks and sectors.

For full discussion, watch video
First Published on Jan 8, 2018 04:34 pm
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