Analysts warn that despite yesterday's pullback, the trend continues to remain down and that investors must stay cautious till there are signs of consolidation.
Sushil Kedia, president of ATMA spoke to CNBC-TV18 about where he sees the market going and what the charts are now saying on specific stocks. Check out his comments.
Sudarshan Sukhani of s2analytics.com spoke to CNBC-TV18 about how to play the market today as it stands poised for the Assembly election results. Check out his comments.
Nifty has fallen below the psychological 5000 mark. How is it looking going ahead? Devesh Kumar, head of equities, RBS India says that that near-term, the markets are likely to continue being range-bound. "There is no conviction, neither on the upside, nor the downside for now,” he says.
UR Bhat of Dalton Capital tells CNBC-TV18 that FIIs currently determine the direction for the Nifty. Therefore, the RBI move and cues from the eurozone become watchout points. "It is tough for the Nifty to cross 5150, and it is likely to rise only 2-3% in this technical pullback," he says.