Deven Choksey, mananging director, Choksey Shares says the Nifty is likely to trade in the 6000-6200 range.
Speaking to CNBC-TV18's Sonia Shenoy and Latha Venkatesh, Sandeep Shenoy, executive director-Institutional -Equities, Anand Rathi Financial Services says that the stock, however, is a good investment option from the long-term perspective.
Given the way markets have moved in the month of April, says Amit Trivedi, co-founder, Investworks.in, May could see markets moving higher. He says his target for Nifty is at around the 6,000 levels.
After a green April series that pulled the Nifty to close to four percent, Siddharth Bhamre of Angel Broking believes the May series, beginning tomorrow, could have Nifty at 6000 in store.
It was a good day of trade and it was always going to be, because early in the morning, India time, the US fiscal deal was passed by the House.
The Nifty today crossed the 6000 mark for the first time in two years after the US Congress passed the ‘fiscal cliff‘ deal. The market opened the day on a positive note at 5,982.60, and breached the 6,000-mark during late morning trade. The Nifty closed trade at 5993.27 today.