Relief Rally

Things haven’t changed much fundamentally on the ground. Indian indices still trade at 18 times one-year ahead earnings – marginally higher than at beginning of the year – although the valuation premium with respect to other markets has come down.

Mkt completely sentiment driven; relief rally likely: Edelweiss

The market currently is driven by sentiments and is ignoring the fundamentals, so it would be difficult to predict the bottom, Vikas Khemani, President and CEO, Edelweiss.

Nifty support 7375; don't bottomfish in relief rally: CLSA

While these short term extremes do not rule out further losses it does indicate a level of capitulation in the near term and provides the platform for a snapback rally, Balanco says in his note

Greece not a done deal yet, long term fix needed: Arnab Das

Longer-term the issues are still to be resolved and both Greece and the Eurozone need more time to iron out the flaws in the single currency, feels Das.

Jan series may not hold 7960; look for opportunities: Pros

Market expert Anand Tandon says the fall will give many buying opportunities. He, however, adds that the question now is if the fall becomes steeper how many will be able to hold their nerves and continue buying.

KYI: What stocks must you buy or sell to get max returns?

Where should you park your capital now? Siddharth Sedani, AVP (Portfolio Management Service) at Microsec Capital answered investor queries sent to us on our Facebook Page. Check out his answers.

Cash out your profits before UP poll results: Sampriti Cap

The relief rally is now a rally rife says Sandeep Shah (CEO of Sampriti Capital). The market is in animal spirits waiting for positive outcome on UP elections, good budget & a CRR cut. Though the weakest power & infra companies have doubled in value in 45 days, it is best to cash out some profit pre UP election results.

Mkt may top at 4900, but is a bottomless pit now: MF Global

Rajan Malik of MF Global tells CNBC-TV18 that the market was oversold and the pullback happened along expected lines yesterday. “Nifty could top out at 4900 in the near-term,” he says. He however says that it is difficult to call a bottom at this point.

Domestic issues may stall any relief rally in India: EM Cap

Freeman is bullish on India’s long-term economic growth story, but advises against going out all investing due to several domestic concerns, which he says, may stall any sort of a relief rally.