Independent market expert Ambareesh Baliga is skeptical at these levels and advices liquidating a bit on any upside. According to him, valuations are expensive,
Sudarshan Sukhani of s2analytics.com says it is difficult to say whether the trend has reversed or it is a correction in an uptrending market. For him, the key Nifty level is 7600 and if that level is breached then one should look at exiting or booking profits
R Sreesankar, Head-Institutional Equities at Prabhudas Lilladher recommends reduce rating on Cadila Healthcare.
Anish Damania, Head-Institutional Equities, IDFC Securities says the firm expects Nifty earnings growth rate to be 15 percent for the coming two quarters and will upgrade its Nifty targets from previous estimates of 27,000.
Ajay Parmar, Head-Institutional Equities, Emkay Global Financial Services is positive on fertilizer space.
Ajay Parmar, Head-Institutional Equities, Emkay Global Financial Services is bullish on IT and pharma space.
Banking stocks may underperform, says Ajay Parmar, Head-Institutional Equities, Emkay Global Financial Services.
SAIL may see further upmove, says Prakash Diwan, Head-Institutional Equities, Networth Stock Broking.