The market is likely to be stock-specific and experience sector rotations. Therefore, investors should adopt a buy-on-dips strategy only in quality names, said Umesh Mehta, Head of Research, Samco Group.
Maximum Call OI of 23.35 lakh contracts was seen at 12,500 strikes which will act as crucial resistance in the October series.
The surge in coronavirus infections, an acrimonious buildup to US elections and geopolitical reasons will keep volatility high that can act as a spoilsport, say experts.
Majority of the oscillators are in overbought zone and sideways movement to cool off cannot be ruled out.
Jaikishan Parmar of Angel Broking believes this fundraising in this environment would be positive for HDFC.
Given that India will remain a growth market in the long-term one cannot neglect growth stocks for a prolonged period of time, Jyoti Roy advised.
Bank Nifty should witness an upward breakout as multiple higher bottoms in the range of 21,100-21,300 levels and the event of the credit policy is behind.
MACD has given a positive crossover with its average near-equilibrium level of zero on the weekly chart suggests positive bias to continue in mid-term as well.
Interventions by governments and central banks have prevented the economic situation from deteriorating significantly but it is unlikely that the recovery will be a V-shaped one, say experts.
The market's valuations have turned higher than long-period average and investors should be cautious and selective in picking stocks, say experts .
SBI's economists say the surge in equity markets is not linked to economic recovery and maybe a sign of irrational exuberance.
HDFC's most of subsidiaries are among the top three players in their respective segments. HDFC AMC, HDFC Life Insurance Company and HDFC Bank are other listed entities.
Macquarie believes worries about large-scale retail defaults are exaggerated.
Largecaps or sector leaders are the safest bet during a crisis because the recovery momentum generally reflects first in these stocks, say experts.
Prime Minister, Narendra Modi said the package will focus on four factors - Liquidity, Land, Labour and Laws.
Experts point out that the COVID-19 pandemic came in stages across the world and its fading away also will happen in phases over the next few quarters.
Mitessh Thakkar of mitesshthakkar.com recommends buying Apollo Hospitals with a stop loss of Rs 1,174, target at Rs 1,235 and CESC with a stop loss of Rs 412, target at Rs 450.
Emkay feels housing finance companies (HFCs) are better placed compared to asset finance companies (AFCs).
Motilal Oswal feels markets may continue to fall in near term, and that's the time to start becoming greedy. Hence the brokerage suggests accumulating on a gradual basis.
Mitesh Thakkar of miteshthakkar.com suggests buying HDFC with a stop loss of Rs 2127 for target of Rs 2060.
Sudarshan Sukhani of s2analytics.com recommends buying Berger Paints with stop loss at Rs 540 and target of Rs 560 and Castrol India with stop loss at Rs 134 and target of Rs 146.
The short-term trend remains weak with support for Nifty is coming near 12000-11950 zone, experts say.
A major theme for 2019 was corporate governance and companies with a good, clean management were rewarded handsomely by the markets – a theme which may well continue in 2020 as well.
Sudarshan Sukhani of s2analytics.com recommends buying Ashok Leyland with stop loss at Rs 84.80 and target of Rs 88 and M&M Financial Services with stop loss at Rs 348 and target of Rs 355.
Mitesh Thakkar of miteshthakkar.com advises selling ITC with a stop loss of Rs 239 and target of Rs 226.