The index got stuck in a broader trading range between 10,550 and 10,880 and requires a decisive range breakout to commence the next leg of rally, says Chandan Taparia of Motilal Oswal Financial Services.
The proposals are likely to be discussed by Sebi's board at its meeting this week.
We are expecting highly volatile ride in next week so it is better to stay away from trading for next 3-5 days, says Sumit Bilgaiyan of Equity99
There is still lot of uncertainty due to lack of detail on production quotas for individual producers
Equities ended the week on a strong note, with the Nifty ending the session above the 10,650-mark on December 7
Base metals prices reacted positively after the truce between US and China trade agreement but later the rally muted on uncertainty over the US-China trade deal.
This could be the case if elections results throw up an unfractured mandate and earnings momentum is maintained.
Candlestick charts are a visual aid for decision making in stock, currency and commodity trading. Some investors find them more visually appealing than the standard bar charts and the price actions easier to interpret.
The BSE Telecom index has fallen 41 percent so far this year. The sector has been battling issues of low tariffs, eroding profitability, and rising debt as a result of an aggressive pricing war started by Reliance Jio
Dimon added that he is upbeat on the US economy.
The index decisively breached its 200 DEMA and formed a bearish candle on daily charts.
'Be bullish on India and don’t be afraid of your own convictions and betting when opportunity seems right,' Damania advised young investors.
The current market correction offers opportunity to buy rather than sell, said Motilal Oswal AMC's Manish Sonthalia.
Mustard-seed supply from March to November was 68 lakh tonnes, with carried-forward stocks with farmers, processors and stockists estimated at 11 lakh tonnes.
The focus will also be on crude oil prices, Mayuresh Joshi of Angel Broking said. The expert was speaking about the much-talked-about OPEC meet
According to Chandan Taparia, if indices decisively breach its 200-day moving average, whose value is placed around 10,749, then this correction will eventually get extended towards 10,489 levels.
VIX continues to consolidate at elevated levels which is a cause of concern. VIX needs to move below 17 for market to see sustainable up move, says Ashish Chaturmohta of Sanctum Wealth Management
Volatility in markets to prevail and global growth likely to see a slowdown, said Nilesh Shah, CEO of Envision Capital.
Can Fin Homes is comfortable with the liquidity situation in the NBFC space, MD SK Hota told CNBC TV18
Investors can also look for quality NBFC companies like L&T Finance Holdings and Bajaj Finance, which are still available at reasonable valuations
If interest rates remain lower, then the cost of holding gold will come down and the dollar will fall further
Mazhar Mohammad of Chartviewindia.in said post event outcome if indices fail to rally beyond 10,950 levels then that can be a sign of near term weakness for this market.
Agarwal also said it's a good time to take a re-look at HUL after its deal with GSK Consumer Healthcare.
Till the time the general elections are over, the market will be volatile. Unless we have fractured mandate, it will gradually revert to fundamentals and valuations
Corporate earnings would take precedence over elections going ahead, Reliance Mutual Fund's Sailesh Raj Bhan said.