According to Neeraj Deewan of Quantum Securities, one may book profits in tyre stocks.
Bulls had a great day at the markets today. Indian market ended on a high at the end of day‘s trade. While Nifty ended positive gaining 0.69 percent to close at 8801.05, Sensex gained 198.76 to end at 28439.28 up by 0.70 percent.
According to Neeraj Deewan of Quantum Securities, one can invest in Transport Corporation of India, Equitas Holdings and Ujjivan Financial Services.
Neeraj Deewan of Quantum Securities recommends investing in Ambuja Cements at the current level and likes UltraTech Cement and India Cements.
Neeraj Deewan of Quantum Securities is of the view that one can hold on to HCL Technologies.
Neeraj Deewan of Quantum Securities is of the view that one may see upside in metal stocks.
According to Neeraj Deewan of Quantum Securities, Infosys is a top pick in IT space.
Neeraj Deewan of Quantum Securities is of the view that one can hold Divis Labs for long term.
Low volume rallies don't tend to sustain and this being a range bound market, one should stick to the ranges, says market expert Ashwani Gujral.
Nifty fell 0.37 percent to 8775.90 and Sensex dipped 0.39 percent to 28523.20.
According to Neeraj Deewan of Quantum Securities, one can buy cement stocks on dips or even at the current level.
Neeraj Deewan of Quantum Securities is of the view that one can buy Manappuram Finance on dips.
Everyone is expecting for a huge correction, but such a correction may not happen very soon, says Neeraj Deewan, Director, Quantum Securities. For now, market is in a very positive sentiment. Till the 8500 level is not broken, such correction may not occur.
Neeraj Deewan of Quantum Securities is of the view that Glenmark Pharma may test Rs 900 in next 5-6 months.
Sudarshan Sukhani of s2analytics.com is of the view that 8,350-8,400 level seems to be within striking distance in this month and 9,200 is a reasonable proposition given the strong momentum and bounce from 7,700 for this year.
Market expert, Ashwani Gujral gave credit to Bank Nifty for today‘s rally and said that there is some ‘big bang‘ happening on the private banks side.
Market expert Ashwani Gujral suggests buying into stocks when the Nifty touches 7750 while advising against going short as it will be difficult to do so against a sharp uptrend.
Watch the interview of Mayuresh Joshi of Angel Broking, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com & Neeraj Deewan of Quantum Securities with Sonia Shenoy and Anuj Singhal on CNBC-TV18, in which they shared their readings and outlook on Indian market and specific stocks.
Market expert Ambareesh Baliga says he would prefer to avoid any fresh investments until Nifty consolidates around 7500-7625 levels.
According to Neeraj Deewan of Quantum Securities, there is some more upside left in Jet Airways.
Neeraj Deewan of Quantum Securities is of the view that one may look at Indiabulls Housing Finance and SRF.
Neeraj Deewan of Quantum Securities is of the view that one may look at Mahindra and Mahindra.
Neeraj Deewan Director of Quantum Securities is of the view that one may look at Larsen & Toubro and Axis Bank and likes SRF and Vardhaman Textiles.
Neeraj Deewan, director of Quantum Securities, says the market will most probably test September lows and traders and investors alike should be prepared for it as nothing is really happening for the market — still some time to go for the US Federal Reserve action and back home too nothing concrete is happening on the GST front
According to Neeraj Deewan, Quantum Securities if the Bihar election outcome is in favour of NDA then the market is sure to rally but in case it is not then it will be a knee-jerk reaction for a day or two and then it will back to tracking the fundamentals.