In an interview to CNBC-TV18, Sandeep J Shah, chief executive officer, Sampriti Capital gives his expectations on the market's performance. Shah expects the Nifty to be rangebound.
Buy Bajaj Auto on dips, says Sandeep Shah, CEO, Sampriti Capital. It has done exceptionally well given its business model, given its incredible focus and really aggressive focused CEO.
One can accumulate TCS with long-term view, says Sandeep Shah, CEO, Sampriti Capital.
Reliance Industries (RIL) is looking attractive from long term perspective, says Sandeep Shah, CEO, Sampriti Capital.
Sandeep Shah, CEO of Sampriti Capital says global worries have eased post European Central Bank (ECB)‘s promise of additional liquidity. ECB head Mario Draghi announced the ECB "may undertake outright open market operations of a size adequate to reach its objective" to drive down soaring borrowing costs.
Since 4,700 on the Nifty, Sandeep Shah, CEO, Sampriti Capital had an upside target of 5,400-5,600. “We didn‘t really touch 5,400, but we almost went there and we have corrected from there,†he says.
With problems re-emerging in the eurozone, the US economy still under pressure and Chinese GDP at a 3-year low, Sandeep Shah of Sampriti Capital believes a sell off below the 5000 level is possible.
In an interview to CNBC-TV18, Sandeep Shah of Sampriti Capital analyses the market’s reaction on the back of lack of clarity on the General Anti-Avoidance Rule (GAAR) provisions and the entire issue of FII taxations.
In an interview to CNBC-TV18, Sandeep Shah, CEO of Sampriti Capital talks about where the market is headed after the phenomenal rally we have seen over the last two months.
Softness in European indices knocked the wind out of the markets in mid trade, but fresh buying emerged towards the fag end of the session.
Sandeep Shah of Sampriti Capital said the market appears to have already factored in the winners and the losers post the 2G verdict.
Sandeep Shah, CEO, Sampriti Capital is alarmed that the Nifty may even sink to 3800-4000 level but may rise to 5500-6000 by 2012. In an interview to CNBC-TV18, Shah pointed out that the there could be recession in Europe in 2012.
The Nifty ended at 4,764. According to experts, a relied rally is possible. However, they strongly believe that there is more downside to the market and the Nifty may slip below 4,700.
One should continue to look forward to the Nifty between 4,400 and 4,600 levels, indicated Sandeep Shah of Sampriti Capital. He further pointed out that this would broadly mean that the Nifty would have a 30% correction. He also mentioned that we would see a rally if the Reserve Bank of India (RBI) cuts interest rates.