Adam Cohen, director, economic policy, Google, shared some of the company’s concerns about users being affected after imposition of the DMA.
At present, the brokerage charges incurred by mutual funds while buying and selling of shares falls outside the Total Expense Ratio (TER) that they charge unitholders.
Support is at 10690 odd levels while resistance is at 10940, says Dinesh Rohira - Founder, CEO - 5nance.com
While Sudarshan Sukhani, founder, s2analytics.com is positive of Bank Nifty, he says investors should remain very cautious as the earnings season is around the corner and banks can throw in any kind of surprise.
This is expiry week Tuesday. Expiry week Tuesdays are big. They normally have a momentum move for the market, which doesn‘t look like it is going to happen first thing in the morning and as the SGX Nifty is indicating, it is down about 20-25 points not to say that the market will be down today -- it could be down but not that it will be down.
Looks like the market pullback is likely to continue and for the time being the market has taken support at 200 day moving average (DMA) and moved on. That will be good news for the bulls.
The market is under pressure with several stocks nearing 200 day moving average (DMA). Here's Varinder Bansal of CNBC-TV18 with more details.
Sharekhan has come out with its report on Mentha oil. The research firm expects mentha oil to trade with a negative bias for the target of Rs 806, which is the daily lower Bollinger Band, and Rs 780, which is the weekly lower Bollinger Band.
VK Sharma of HDFC Securities expects the Nifty to touch 5850 if it can retrace about 33 percent of its fall even though the market does not seem very bullish.
In an interview to CNBC-TV18, UR Bhat of Dalton Capital says that the market will take cues from the RBI policy meet and international positivity too.
VK Sharma of HDFC Securities believes that unless Nifty closes above 5,920, traders should sell on every rally.
Hemant Thukral, National Head-Derivative Desk of Aditya Birla Money believes that 5,750 will act as a very strong support for Nifty on the downside. He also suggests to continue holding long positions on Nifty or to to re-enter around 5,810-5,815 if one has booked profits.
A lot of shorts have been accumulated around 5,950-5,900 belt. If Nifty manages to cross 5,920 then breaching 6000 on the upside should not be a surprise because short covering itself will take that momentum on the upside, says Hemant Thukral of Aditya Birla Money.
Go long at these levels keeping a stop loss of 5,590 and play for a pullback till 5,750, says Hemant Thukral of Aditya Birla Money.
According to Kunal Bothra of LKP, one can short Yes Bank with a stop loss of Rs 505. The stock may decline to Rs 470-475 levels.
According to Rahul Mohindar of viratechindia.com one can short State Bank of India (SBI) at current levels.
Sharekhan has come out with its report on Pepper. The research firm expects pepper to trade with a negative bias for a target of Rs 33820, which is a crucial swing low. The reversal of the bearish stance is placed above the crucial resistances at the 20 and 40-DMA‘s.
The rupee opens higher tracking returns of risk appetite to global markets. The pair is at 54.26/27 versus its close of 54.36/37 on Wednesday.
In an interview with CNBC-TV18, Amit Gupta of ICICI Direct, spoke about his reading of the market and his outlook.
According to IIFL, traders can buy HCL Technologies January future below Rs 632 for the target of Rs 660 with a stop-loss of Rs 618.
Kunal Bothra of LKP is of the view that, Patel Engineering has an extremely tight target of Rs 100 and stop-loss of Rs 83. It could be a very strong mid-cap stock, which can give a trigger of close to 9-10 percent.
According to IIFL, traders can buy JSW Steel January Future above Rs 761.5 for the target of Rs 794.5 with a stop-loss of Rs 745.
Market regulator Sebi today streamlined the Direct Market Access (DMA) facility, which gives the investors a direct access to the stock exchange's trading system without any manual intervention by the broker.
Saurabh Mukherjea of Ambit Capital says that many investors feel that the rupee will slide further to 55-56 levels and he also feels that the faith of the investor community in the Indian government has fallen so much that the community feels that the finance minister will not lead in the right way on the GAAR issue.
In an interview to CNBC-TV18's Maneka Doshi, Rayan Detrick, Chief Strategist, Schaeffer’s Investment spoke about the impact of the Greece crisis on the world economy and on the high oil prices.