It is likely that 10,200 on Nifty which was expected for the September series would come earlier and even levels of 10,300 could be seen, says SP Tulsian of sptulsian.com
The bulls continued to dominate the bears, the Nifty ended just short of 10,100 and the Sensex rallied 275 points to end the day at 32,158.66.
All other sectoral indices also closed in the green. The midcap index posted record close for 2nd day in a row. The midcaps too mirrored the benchamrk indices with gains of over a percent. The Bank Nifty posted subdued gains of half a percent. However, the star of today's trading session was the pharma index, which gained over 2 percent.
Ashwani Gujral ashwanigujral.com says good thing is that the market is not narrowing as it moves up, so it is likely that Nifty will cross 10,150 and go higher.
SP Tulsian of sptulsian.com while being positive on the September series says it has always been better than October, where weakness is seen in the first week. Now, it is likely that 10,200 on Nifty which was expected for the September series would come earlier and even levels of 10,300 could be seen.
Other market experts Ambareesh Baliga Independent, Mitessh Thakkar of mitesshthakkar.com and Prasanth Prabhakaran, Sr President & CEO YES Securities also shared their views on various stocks like Divi’s Lab, Tata Motors, Bharat Financial Inclusion, Adani Transmission, Nestle India, GAIL, Mahanagar Gas, NTPC, cement, auto ancillary space – the likes of Suprajit, Finolex Industries and others.For the entire discussion, watch video