Laurence Balanco Of Clsa

Last week's market selloff led to a wealth erosion of over Rs 20 lakh crore in BSE-listed shares. Chartists have adviced investors to be cautious and let the market settle down, especially in the broader segment.

CLSA's Balanco sees start of re-rating for EMs; has 12K as Nifty target for H1CY18

It is start of a re-rating for emerging markets and the positive trade is to move out of international assets into emerging market assets, said Laurence Balanco of CLSA.

Long EM equities vs DM; see 9300 on Nifty by year-end: CLSA

The house is long emerging market equities as against developed markets, said Laurence Balanco of CLSA.

Don't expect Fed to hike rate this year, buy on dips: Experts

Laurence Balanco of CLSA says the Nifty continues to hesitate at resistance provided by the upper boundary of the newly formed uptrend channel which coincides with the July/October 2015 highs.

Nifty likely to be rangebound, downside risk at 5870: CLSA

The bearish price/momentum divergence formed between the December and November 2013 peaks suggests that the Nifty is likely to remain rangebound in the coming weeks with downside risk towards the 5,870-5,880 area, Laurence Balanco of CLSA said.

Nifty at risk of falling to 5800-5900: CLSA

In the near-term, Laurence Balanco of CLSA is looking for downside risk in the 5,800-5,900 area. “While not our base case, if price action penetrated the 6,330-6,340 resistance to a new high, 6,500 would be the next target,” he adds.

Nifty likely to remain rangebound in 2014: CLSA

In the near-term, Laurence Balanco of CLSA is looking for further downside risk towards the 5,870-5,880 area in the coming weeks.

Nifty to remain rangebound below 6330-6340 resistance: CLSA

According to Laurence Balanco of CLSA, ultimately a break below 6,008-6,107 support should result in move down to the 5,870-5,880 area over the coming weeks.

Nifty may move down to 5870-5880: CLSA

Laurence Balanco of CLSA feels a break below 6,080-6,107 support should result in move down to the 5,870-5,880 area over the coming weeks.

Don't expect sustained breakout, short Nifty futures: CLSA

“We are not expecting a sustained breakout at this time and will sell into this 6,229-6,357 resistance zone. We recommend shorting Nifty futures with a stop-loss set on a close above 6,383, Laurence Balanco of CLSA said.

Nifty to oscillate below resistance at 6120-6239: CLSA

Laurence Balanco of CLSA says a year-end rotation back into emerging markets and commodities suggests that markets will remain biased to the current choppy advance into year-end.

Nifty to find at resistance at 6,330-6,340: CLSA

Laurence Balanco of CLSA feels the resistance zone of 6,330-6,340 is likely to cap further gains and lead to price volatility in the coming weeks. “The 200 DMA and late September lows provides initial support at the 5,730-5,754,” he adds.

Volatility in Nifty likely to continue, says CLSA

Laurence Balanco of CLSA says that the minor head and shoulder topping pattern formed above the flat 200 DMA remains dominant short-term topping pattern. “A close below 5880 would imply an initial downside target of 5513,” he adds.

See further weakness, downside Nifty target at 5513: CLSA

Laurence Balanco of CLSA says that Tuesday's move below initial support at 5,820 triggered a minor head-and-shoulder topping pattern which suggests further weakness in the coming sessions and supports an initial downside target of 5,513.

India GDP growth may see steeper decline: Jefferies

According to Nilesh Jasani of Jefferies, if CAD is actually reduced by 300 bps of GDP, as seems to be the need, the history of other emerging economies indicate India's GDP could head to sub 1-2 percent growth with massive pain likely for banks.

Nifty's next support seen at 5034: CLSA

Laurence Balanco of CLSA says that below the August 20 low, the next supports are at the 5,034 and 4537-4700 area which includes the 2010 and 2011 lows.

After breaking 5500, next target for Nifty at 4916: CLSA

Laurence Balanco of CLSA says that the breakdown of 5500 support ends over 10-months of ranging price action. "It provides us with a downside target of 4,916," he adds.

Market looks oversold, cut short positions: Macquarie

Rakesh Arora of Macquarie advised cutting short positions. This year's good monsoon augurs well for HUL, ITC, M&M, Tata Chemicals and NHPC, he adds.

See Nifty support at 4537-4700 if it falls below 5500: CLSA

According to Laurence Balanco of CLSA, a break below 5,500 on the Nifty would be a bearish sign, suggesting further downside risk with next major support at 4,537-4,700.