See Nifty inching toward 8300 by month-end: Pros

Despite the recent index run up, and the consolidation that was seen today - with a negative bias due to profit booking - Rahul Mohinder, viratechindia.com, sees Nifty moving towards 8200 or 8250 in the near term. He says a pull down like today will happen some days and it is a must.

From a one month perspective, he believes Nifty will see support at 8000-8080. But towards the month end, he expects it to inch more towards 8300.

Gopi Suvanam, Founder of InvestWorks too agrees with the view, but adds that a lot will depend of the Bank Nifty. If the Bank Nifty rises by 3-4 percent, then it will add 2 percent to the Nifty, which takes it to almost the 8300-mark.

But Neeraj Deewan, director, Quantum Securities cautions investors as he sees limited index upside from here. He believes the market, going ahead, will be more stock specific. "There are midcap stocks that can give 20-30 percent YoY return in the next 2-3 years," he adds.