Moneycontrol
Last Updated : Feb 08, 2018 04:50 PM IST | Source: CNBC-TV18

The mood still optimistic; 10650-10700 zone crucial for Nifty: Experts

The market has ended on a positive note but it is crucial to get above the 10650-10700 zone, said Mitessh Thakkar.

CNBC TV18 @moneycontrolcom

The Indian equity market today snapped seven day losing streak. Sensex closed 330-points in the green at 34,413.16, while the Nifty rallied a percent that is 100.20 points to close at 10,576.90.

Market experts SP Tulsian of sptulsian.com, Ashwani Gujral of ashwanigujral.com, Mitessh Thakkar of mitesshthakkar.com, Kunj Bansal, ED & CIO, Centrum Wealth Management, Nischal Maheshwari, Head Institutional Equity, Edelweiss Securities and Dipan Mehta, Member, BSE and NSE in an interview to CNBC-TV18 shared their view on the outlook for the market going forward and views on some specific stocks.

Maheshwari talking from the sidelines of the Edelweiss India Conference 2018 said the mood still remaind optimistic and there seems to be lot of enthusiasm.

However, there is some soberness in terms of people trying to figure out what stocks to invest in current fall. He said most corporates though that rural India has a big potential. Experts at the conference believe there are signs of growth coming back into the economy, said Maheshwari.

Thakkar said the market has ended on a positive note but it is crucial to get above the 10650-10700 zone. Broadly expecting a range of 10,300 to 10,700.

For full discussion, watch video

 
First Published on Feb 8, 2018 04:41 pm
Sections
Follow us on
Available On