Here are experts’ equity calls for the day on how the market is expected to trade:
Gautam Shah, JM Financial: Technically, the market is looking quite directionless and lifeless on the charts. On the face of it the bulls have a slight advantage given the strong closing last week. There is immediate resistance around 6190. Only on a close above 6190 do the bulls have some of the control taking the index towards 6270-6300.
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Jitendra Sriram, HSBC: We stay underweight on India for now. Prefer sectors such as energy, power, non-ferrous metals and telecoms. Elections will be a watershed event, but expect a slow recovery afterwards. Earnings expectations remain lofty, while mutual funds already have high exposure to India.
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