The real trend of where the market will go will be known in first week of May, said market veteran Anand Tandon.
In an interview to CNBC-TV18’s Prashant Nair and Ekta Batra, Anand Tandon, a Market Expert shared his readings and outlook on market and specific stocks.
Market experts Anand Tandon, Ashwani Gujral, SP Tulsian, Mitesh Thakkar and Abhimanyu Sofat of IIFLin an interview to CNBC-TV18 shared their outlook on the market going forward.
With the Finance Minister categorically stating that they will resolve the NPA issues, the trajectory for PSU Banks looks good, said Mehraboon Irani of Nirmal Bang Securities.
Market will remain range bound in the near future, said Mitessh Thakkar of mitesshthakkar.com. Only the outcome of UP elections will determine where the market moves next, he added.
One should expect another week of sideways movement for the market because after four weeks of rally, it is likely that the market needs to consolidate or correct before going to fresh highs is the word coming in from Ashwani Gujral of ashwanigujral.com.
Tulsian expects the rally in PSU banks to continue up until the Budget. Most of the public sector banks are expected to report Q3 numbers post-Budget, so there is no negative trigger as such.
With IndusInd Bank reporting a decent set of numbers for the third quarter, most experts are upbeat on the stock. According to Dilip Bhat of Prabhudas Liladher the stock remains a top pick for them and says it is a must for every portfolio.
With the rupee weakening and the dollar strengthening, the market is clearly showing signs that an upside from here is unlikely, says Ashwani Gujral of ashwanigujral.com. The market is showing opportunities for shorting as a market rally seems difficult.
Speaking to CNBC-TV18, market expert Anand Tandon said, even as the market is below the 8,000 mark, it is still not a screaming buy as the valuations are high.
Watch the interview of Ashwani Gujral, Sudarshan Sukhani, Mitesh Thacker, Rajat Bose, and Anand Tandon with Latha Venkatesh, Anuj Singhal and Sonia Shenoy on CNBC-TV18, in which they shared their readings and outlook on market technicals, fundamentals and F&O side of the market as well as specific stocks and sectors.
The demonetisation may cause a decline in the Gross Domestic Product of India, but GDP is not linked to earnings of companies, says Anand Tandon of Independent Market Analysts. Worrying about the macros of our country is not useful, he adds.
In an interview to CNBC-TV18 Anand Tandon, Market Expert, shared his reading and outlook on the market.
Watch the interview of Ashwani Gujral of ashwanigujral.com, Mitesh Thacker of miteshthacker.com, Sudarshan Sukhani of s2analytics.com, Anand Tandon, Market Expert, Rajat Bose of rajatkbose.com and Manoj Murlidharan of Religare Securities with Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18.
In an interview with CNBC-TV18, market expert Ashwani Gujral said that as the market bottoms out, metals could be the first sector to move higher and probably the sector that will lead the market is going to be commodities.
Ashwani Gujral of ashwanigujral.com believes the Nifty has been stuck in a range for a long time and should now get ready for a correction. He advises not going short yet but avoid taking long calls either.
Caution still remains the watchword for next fortnight or so and one should wait for the US presidential to get over before making fresh commitment to market, said Dilip Bhat, Joint MD, Prabhudas Lilladher.
In an interview with CNBC-TV18, market expert Anand Tandon and Mayuresh Joshi of Angel Broking listed their views on the second quarter earnings result of IndusInd Bank and outlined expectations for TCS's upcoming result.
During the Kargil War, the market had not reacted so sharply due to various reasons, says Ashwani Gujral, ashwanigujral.com. There was a software boom across the globe and a market rally had just started in the country. The current market rally is 7 months old and the market had to get hit by this news.
Market Expert Ambareesh Baliga says even though one may not see a huge correction in the market, it is time to stay away and book profits for now. According to him, Nifty could see levels of maybe 8200-8300 but may not fall below that.
The market has reached a high point from where it may tend to move down, says market expert, Anand Tandon. The positive effects of the goods and services tax may take around a year to come into effect, he says.
Market expert Anand Tandon says there is a higher probability of the market declining than being range-bound, because quarterly earnings broadly have not given a reason to the investors to be happy.
Ashwani Gujral of ashwanigujral.com feels the 7,950-level could be a hurdle for the 50-share Nifty Index.
Anand Tandon, Market Expert is of the view that one may prefer YES Bank, IndusInd Bank and perhaps Kotak Mahindra Bank or HDFC Bank.