Market Veteran, Warren Buffett always says we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful
IT and pharma stocks performed smartly in last couple of months as Nifty IT index year-to-date shot up 38 percent and Pharma gained 9 percent.
Gaurav Dua of Sharekhan is advising clients to turn overweight on consumer discretionary, IT services, Pharma and also gradual build position in leading corporate lending banks.
While there is a view in the market that the fall in the Sensex and Nifty may only be temporary, indices are very likely due for a significant and persistent correction because of prevailing macroeconomic conditions
The markets are expected to remain volatile till next month’s RBI monetary policy meeting and results season
Real estate and cement sectors could be wealth creation opportunities over 3-5 years
Macquarie feels the valuation risk is limited to benchmark indices while midcap is still vulnerable.
Investors could park money in quality stocks having scalability, robust earnings growth visibility and a strong corporate governance track record
Rising crude oil prices and the increase in the current account deficit are additional risk factors that could put pressure on the rupee, Bajaj Allianz's Reddy said in an interview.
For market to show strength sequence of lower highs and lower lows needs to be broken. Hence, 11,523 needs to be taken out first for market to see level of 11,600, says Ashish Chaturmohta of Sanctum Wealth Management
Ridham Desai of Morgan Stanley in his September report raised 30-share BSE Sensex target to 42,000 for September 2019, implying a potential upside of 11 percent.
Ravi Kataria of Investment Imperative Group said quality investments over the next couple of quarters can garner high returns post 2019 general elections.
It’s a normal corrective phase and expect further consolidation in the Nifty within 11,100-11,700 ahead, says Jayant Manglik of Religare Broking.
Given elevated valuations and recent strong performance, we believe that the risk-to-reward for Indian equities is less favourable at current levels and we lower our investment view from overweight to marketweight, said the report.
Now the threshold is festive season, the best season of the year. Ajay Srivastava of Dimensions Consulting said if this festive season is good then there could be continued revival in the growth.
Eventually, a fresh breakout beyond 11,760 shall open up targets placed around 12,500 kinds of levels, says Mazhar Mohammad of Chartviewindia.in.
Shabbir Kayyumi of Narnolia Financial Advisors suggests taking stock-specific long position with strict stop loss levels
Jayant Manglik, President, Religare Broking, expect the Nifty to further consolidate between 11,100 and 11,700 this week
The Nifty is likely to consolidate around 11,400 this week, says Amit Gupta of ICICIdirect
The important lesson from the crash and the later rebound is ‘buy on bad news’, says VK Vijayakumar of Geojit Financial Services
Sumit Bilgaiyan of Equity99 believes the fortnightly high-low will act as strong support and resistance for market
Chandan Taparia of Motilal Oswal Financial Services says the Nifty may see limited upside as well as downside as dollar-rupee and crude oil price movements will drive the Indian equity market in the short term
The ideal strategy should be to reduce weak long positions above 11,600, but the sectorial rotation is not ruled out.
Foreign institutional investors were on a selling spree in Index Futures as well as Index Options. During the week they were seller of Rs 2,239 crore in Index futures with net short position addition of 15,600 contracts, says Shubham Agarwal of Quantsapp Private Limited.
Things are looking positive for the next week and we should not ignore the fact that this entire upswing from the lows of 11,250 is driven by some positive expectations from this sudden decision of ‘weekend meeting on the economy’, says Mazhar Mohammad of Chartviewindia.in.