If the US markets see a sell-off then it is very likely that even Indian markets would correct as the correlation with the US markets has increased significantly in recent times.
While mid and small-cap indices are trading at better multiples compared to the long-term mean but they are also not cheap by any means. One should stick to quality midcaps and small-caps.
The Nifty is expected to remain in an uptrend to sideways zone until it breaks 10500 on the downside. For the week, we expect Nifty to trade in the range of 11400-10700 with a mixed bias.
IT sector performance has exceeded even these expectations with Infosys reporting brilliant performance across the board. We see value across the sector at this point.
The Nifty is trading above 20 and 50-Day SMA's which important short-term moving average, indicating a positive bias in the short-term.
The level of 10,500 on the Nifty will be a very critical level for the market on the upside, and on the downside 9800 will act as a support. The market seems to have good downside support.
Axis Securities is of the view that the initial trade could be to sell the RIL shares and Buy the rights but this opportunity will be quickly seized by the arbitrageurs.
The market has witnessed a broad-based buying action seen across all the sectors and the Nifty50 is set to give a breakout above 10,200 in the coming week, Axis Securities' Rajesh Palviya told Moneycontrol.
The earnings season to date with a significant number of companies yet to declare results has been tepid with more negative surprises
"Depending on the intensity or the necessity, we have categorised people on the 2D/3D/5D model. We have also taken some filters like if the person has old age people at home or small children he/she is not called to office. We have worked on all the combinations and we are ready on that," Axis Securities MD and CEO B Gopkumar said.
Equity investors have to be always prepared for a volatile ride, given the nature of the investment vehicle they have chosen.
The December quarter has ended the drought which India Inc. saw for the past many quarters. One of the factors which could have continued is the corporate tax cut.
Pankaj Bobade, Head Fundamental Research, Axis Securities is recommending a buy on Amber Enterprises with a revised target price of Rs 1251.
As the risk appetite returns, the market participants would look at the mid and small caps given that the entire space of small and midcap space provides excellent companies at attractive valuations.
Pankaj Bobade, Head of Fundamental Research at Axis Securities, recommends a buy on ACC with a target of Rs 1,739.
Trends on SGX Nifty indicate a flat opening for the broader index in India, with a 24 points loss or 0.21 percent. The Nifty futures were trading around 11,285-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 9.5 points or 0.08 percent. Nifty futures were trading around 11,847-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 1.5 points or 0.01 percent. Nifty futures were trading around 11,752-level on the Singaporean Exchange.
Traders are advised to trade with a proper exit strategy and should keep focusing on individual pockets that may provide better trading opportunities
Brexit-related developments, Italy accepting fiscal prudence measures, IL&FS saga as well as liquidity issues, along with elections in states and at the Centre to be key cues for the market ahead.
Axis Securities is bullish on PPAP Automotive has recommended buy rating on the stock with a target price of Rs 653 in its research report dated August 16, 2018.
Axis securities is bullish on Technocraft Industries has recommended buy rating on the stock with a target price of Rs 433 in its research report dated December 16, 2016.
Axis Direct is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 147 in its research report dated November 24, 2016.
Axis Direct recommended hold rating on Cigniti Technologies with a target price of Rs 421 in its research report dated November 24, 2016.