Director of Technical Strategy of Barclays Dhiren Sarin says in the near-term, 6000 remains a good base but advises investors to get aggressively bullish if it conquers 6350.
Dhiren Sarin, Technical Analyst, Barclays is bullish on the Nifty and sees it gaining 5 percent in next few days. "We can be modestly bullish, but we can't be aggressively bullish until that 6400 area gives way," he says.
Dhiren Sarin, Technical Analyst, Barclays is bullish on Nifty and sees it gaining 5 percent in next few days. He further said that in his view the trading range for rupee would be at 58-60 per dollar and he would prefer buying gold for short term.
From the precious metals space, Dhiren Shah, technical analyst, Barclays says gold may fall to as low as USD 1030 per ounce after the metal breached the USD 1200 mark, for the first time in three years.
Benchmark oil prices are set to decline further this week after the US Federal Reserve Chairman Ben Bernanke put markets on notice last Thursday that they will be weaned off the "easy-money" policies that have been so central to supporting risk assets such as commodities.
Dhiren Sarin, technical analyst, Barclays believes there is more downside in the market and 5550-5500 is a key level to watch out for.
According to Dhiren Sarin, Technical Analyst, Barclays its not just the Nifty, but most Asian markets are looking vulnerable in the short-term.
Dhiren Sarin, Technical Analyst at Barclays believes the US market is facing an all-time high resistance and it is not surprising. He also does not expect a sharp correction in risk assets.
In an interview to CNBC-TV18, Dhiren Sarin, technical analyst, Barclays says he is positive on the Indian market. Sarin says the stress they are facing is not about the Nifty, but more from the France-front.
Dhiren Sarin of Barclays believes the market at the moment is consolidating for more above the 6,000 level on Nifty. Therefore, that remains the first hurdle for the market to cross.
In an interview to CNBC-TV18, Dhiren Sarin, technical analyst, Barclays tells he is hopeful for the Indian market. He says that some optimism can return to the market, despite it being rangebound for about two months.
Aditya Narain of Citigroup maintained June 2013 Sensex target at 19,900 and kept a cyclical bias in model portfolio.
The Indian market has taken a breather, after the recent rally. In an interview to CNBC-TV18, Dhiren Sarin, technical analyst, Barclays says the Nifty is likely to move towards 6,000 by the year-end.
Dhiren Sarin of Barclays believes Indian equities have further upside potential if yields in the euro area remain low.
Dhiren Sarin of Barclays says, the Nifty is very rangebound. "For the time being, given the European issues, the Nifty can start to drift back towards 5,025. The range essentially remains 5,000 to 5,350," he adds.
Although the current rally is a temporary phase that might last for a few sessions, Dhiren Sarin, Technical Analyst, Barclays expects the Nifty to surge to 5390-5500 levels.
World equities have witnessed a pullback in the last couple of days. Is this a just relief rally or a sustainable one? Dhiren Sarin, Technical Analyst, Barclays is in the neutral camp but hopes that things can turn better.
Investing in Indian market has been a nightmare as stocks are on a downtrend. Major foreign institutional investors (FIIs) are seen fleeing the domestic on macro woes, while most experts are negative on India.
According to Dhiren Sarin, chief technical strategist at Barclays Capital, buying interest and easing crude prices will aid the Nifty to move to 5750-6000 levels.
Benchmark crude oil prices may continue to drop below USD 100 a barrel, easing pressure on the Organization of Petroleum Exporting Countries to raise output at its meeting this Wednesday, CNBC's weekly survey showed.
The Indian markets demonstrated some much needed resilience by clocking a smart pullback in the face of global weakness. However, experts still maintain a bearish tone; say investors’ mood is still pessimistic.