Bhatt says while the steep fall in crude prices is hurting sentiment internationally, India‘s macro fundamentals appear sound
Bhatt sees 7900 as a strong support level for the Nifty. He expects shares of cement and engineering companies to be good buying opportunities post-Budget.
UR Bhat, MD, Dalton Capital Advisors, says that the market is eyeing the upcoming Budget for action. If the Budget is prudent then the Nifty will touch 6200 levels.
Markets are keenly waiting Fed forecast on economic and interest rate to be announced on Wednesday night. The Fed is widely expected to take no action, make no moves towards new easing or significantly change its statement.
Markets never change, the pockets change, the seekers change, the stocks change because fundamentally human nature never changes.