Nifty may head to 8000 or lower; like HUL: Experts

Both Nifty and the Sensex closed lower on Monday, but made superb intraday recovery. But independent market expert Ambareesh Baliga says it does not signify anything. However, he adds that the trend now is broken - the market was trying to go beyond 8400.

Going ahead, he does not see Nifty holding on to these levels. He sees it heading to 8000 or lower.

Sudarshan Sukhani of s2analytics.com advises traders to use the Put option and be on the short side. He is bullish on Hindustan Unilever and calls it an outperformer.

Among other sectors and stocks that are doing well, Mayuresh Joshi of Angel Broking says the trend is clearly in favour of oil marketing companies such as BPCL. He, however, prefers Reliance on decline among upstream companies.