Tushar Mahajan, Nomura Financial Advisory & Securities believes the trend for the market is definitely up and the Nifty is likely to touch levels of 6350 by year-end.
The November series so far has been largely rangebound and TS Harihar of ICICI Securities said he is currently looking at a range between 5530 and 5680. He expects the expiry to be somewhere around 5660 to 5680.
Anu Jain of IIFL Private Wealth Management expects the Nifty to make an upmove in the latter half of the November series. The medium term target for the Nifty is seen at 6,200, she said in an interview to CNBC-TV18.
It was not a great day of trade as there was a bit of a pullback towards the end, said Udayan Mukherjee, Managing Editor, CNBC-TV18.
Portfolio manager PN Vijay says market is expecting some sort of monetary loosening from the Reserve Bank of India, given the fact that inflation has not risen dramatically for quite sometime now.
The October series is history and hopefully with that, the long phase of consolidation for the market might come to an end because in the last three weeks, the Nifty has been stuck in just a 100 point range.
Angel Broking‘s Siddharth Bhamre explains to CNBC-TV18 that he is skeptical on the first half of the November series and adds that DLF at Rs 195-200 is a good buy.