Amit Gupta, Head- Derivatives at ICICI Direct believes that the market is forming some support area around 5,670 or 5,700. He further says, "We will continue to remain stock specific positive for the time being. The declines in the index can also be bought".
Siddharth Bhamre of Angel Broking believes that for some time to come, market maybe in a range where 5,900-5,950 would be a good resistance and you would find some support around 5,700-5,680.
Karun Mutha of HSBC Invest Direct believes VIX has an inverse relationship with the markets. As it continues to slide, the market will move up.
Amit Gupta of ICICI Direct believes that 5,630-5,650 is a critical support for Nifty.
Siddharth Bhamre of Angel Broking suggests that investors should not panic given the market movements.
In an interview to CNBC-TV18, Siddharth Bhamre of Angel Broking spoke about the outlook for F&O market and his perspective on various stocks.