Shabbir Kayyumi of Narnolia Financial Advisors said a sustained move above 12,000 will push the index higher towards previous highs, starting around 12,100 and can extend towards 12,400
Most experts believe that the economy, as well as earnings, will pick up in the next financial year
Ashwani Gujral of ashwanigujral.com suggests buying JSPL with stop loss at Rs 119 and target of Rs 130.
Dinesh Thakkar of Angel Broking said though MF inflows this year have slowed down, he was very confident that MF inflows will pick up from here on as market sentiment improves
The equity market may trade with a negative bias in the short-term, but the broader market will maintain its positive bias in the long-term, Vinod Nair of Geojit Financial Services says.
After the mega booster, most brokerages raised their Sensex and Nifty target by 15-20 percent from September 19's closing levels and also raised earnings estimates for sectors such as banking & financials, FMCG, auto
A dealer survey by CLSA shows that demand continues to be weak and inventories high.
The golden rule of investment is to pour money in stocks that are trading at attractive levels compared to their intrinsic value, thus allowing investors to create wealth over a period of time
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever with a stop loss of Rs 1745, target of Rs 1800 and IndusInd Bank with a stop loss of Rs 1480, target of Rs 1540.
Sudarshan Sukhani of s2analytics.com recommends buying Bank of Baroda with stop loss at Rs 127 and target of Rs 134 and Colgate Palmolive with stop loss at Rs 1160 and target of Rs 1200.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a stop loss of Rs 360, target of Rs 374 and Bharti Airtel with a stop loss of Rs 348, target of Rs 364.
Most experts feel the government could focus more on infrastructure and rural spending, which are key areas to bring growth back on track
Prakash Gaba of prakashgaba.com recommends buying Mahindra & Mahindra with target at Rs 675 and stop loss at Rs 650, Mahanagar Gas with target at Rs 875 and stop loss at Rs 854 and Tata Chemicals with target at Rs 653 and stop loss at Rs 630.
A sustained trade above 11,975 may resume the uptrend taking Nifty higher to levels of 12,100-12,140
But, comparatively, more companies have seen an EPS downgrade than an upgrade
M&M management guided for single digit growth (5 percent) in tractors in FY20 and expects a decline in tractor industry in Q1
Early trends put NDA in a comfortable position to form the government that has, to an extent, already been factored by the market after exit polls
Global volatility and elections-related uncertainties are key events to watch out for
In the March quarter, the most popular stocks performed the worst, failing to beat the benchmark; whereas neutral to moderately popular stocks delivered the second best return
Since Nifty could not sustain opening level and traded below the weekly pivot point (11,670), which acted as a stiff resistance through the last week, it must sustain above 11,670 for further upside action
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra & Mahindra with stop loss at Rs 660 and target of Rs 675, Divis Labs with stop loss at Rs 1698 and target of Rs 1730 and United Spirits with stop loss at Rs 536 and target of Rs 565.
Morgan Stanley is amongst them advising a buy on banks, especially those which bore the brunt of the latest non-performing loan cycle.
Sudarshan Sukhani of s2analytics.com recommends buying ONGC with stop loss at Rs 156 and target of Rs 162, Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200 and Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672.
The global investment bank is of the view that going forward, the two major events that will give a new direction to the market are Q4FY19 results and the outcome of the central elections.
Nifty index trading above 11,640 will accelerate upmove taking it higher towards the target of cup and handle pattern formed on a lower time frame which comes to 11,740 mark.