Watch the interview of Ashwani Gujral of ashwanigujral.com, Mitessh Thakkar of mitesshthakkar.com, SP Tulsian of sptulsian.com and Mehraboon Irani, Independent Market Expert with Surabhi Upadhyay and Anuj Singhal on CNBC-TV18, in which they shared their reading and outlook on technical and fundamental side of the market as well as specific stocks and sectors.
Mehraboon Irani Independent Market Expert likes Meghmani Organics and Edelweiss Financial Services while he feels that Sterlite Technologies may hit Rs 300 in 2-3 quarters.
Mehraboon Irani, Independent Market Expert is of the view that Reliance Industries and the HDFC twins can lead the market higher and likes Man Infra and Pressman Advertising.
According to Mehraboon Irani, Independent Market Expert, Maruti Suzuki and Eicher Motors are the top bets while M&M can be a dark horse.
Mehraboon Irani, Independent Market Expert is of the view that Lupin best pick among pharma stocks and sees 5-15 percent upside in 1-3 months.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer IRB Infrastructure Developers and Man Infraconstruction.
Ashwani Gujral of ashwanigujral.com says tomorrow the market could have a strong up day because the downside seems to be getting exhausted.
Correction currently witnessed by the market could be because of geopolitical reasons and may not be too deep. Infact it could lead to fresh money back into the market – money that was waiting on the sidelines., said Mehraboon Irani of Nirmal Bang Securities
Money will continue to flow into the market, so distinct possibility of the market reaching highs in FY18 with financial services sector leading the up move, says Mehraboon Irani.
With the Finance Minister categorically stating that they will resolve the NPA issues, the trajectory for PSU Banks looks good, said Mehraboon Irani of Nirmal Bang Securities.
Mehraboon Irani, Principal and Head- Pvt Client Group Business at Nirmal Bang Securities is of the view that one can continue to hold State Bank of India.
Mehraboon Irani of Nirmal Bang Securities is of the view that one can buy Motherson Sumi Systems.
Mehraboon Irani of Nirmal Bang Securities is of the view that IndusInd Bank and HDFC Bank are the best bets.
Mehraboon Irani of Nirmal Bang Securities has a positive view on HDFC Bank and IndusInd Bank.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer ITD Cementation and A2Z Infra.
In the afternoon trade, the Sensex was down 80.79 points at 26617.03 and the Nifty fell 25.95 points to 8195.85. The market opened flat as investors are cautiously awaiting Federal Reserve decision on interest rates.
Mehraboon Irani of Nirmal Bang Securities is of the view that one can buy State Bank of India, HDFC Bank, IndusInd Bank, Bank of Baroda and ICICI Bank.
In an interview with CNBC-TV18, market expert Ashwani Gujral said that as the market bottoms out, metals could be the first sector to move higher and probably the sector that will lead the market is going to be commodities.
Mehraboon Irani, Principal and Head of Nirmal Bang Securities is of the view that Sterlite Technologies may test Rs 140-150.
Mehraboon Irani, Principal and Head of Nirmal Bang Securities recommends holding ITC and feels that the stock looks very cheap as compared to other FMCG companies.
Mehraboon Irani of Nirmal Bang Securities is of the view that Ruchira Papers is the best bet for the paper space with a target of Rs 150.
The fall in market momentum will only increase as the days goes by and "we are getting ready for a strong downside correction," says market expert Ashwani Gujral.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may buy Tata Motors on declines.
Mehraboon Irani of Nirmal Bang Securities feels that Dalmia Bharat may move to Rs 2300.
Ashwani Gujral of ashwanigujral.com says opportunity for shorting has gone now and it is not yet time time to go into a long position.