The Nifty50's approach to record highs masks troubling weakness in the broader Indian market, where just six stocks are driving the rally while hundreds languish below key technical levels.
Dutt is bullish on financial services and banking stocks, and is betting on capital goods and EPC (engineering procurement and construction) companies to play the domestic recovery
In an interview to CNBC-TV18 technical analyst, Sudarshan Sukhani of s2analytics.com shared his reading and outlook on the market.
Independent analyst Ambareesh Baliga explains to CNBC-TV18 that the market is undergoing a trend of consolidation and adds that it is better for the market to take small steps upward rather than surging upward and correcting sharply. Baliga picks L&T as his stock of choice and expects the stock to touch levels of Rs 1,750-1,800
In an interview with CNBC-TV18, Mitesh Thacker, Technical Analyst gave his readings for the market and stocks from various sectors. He advises traders to opt for a stock specific approach.