During the hearing, the apex court had said that there should be a proper system in place to regulate mining and other related activities in Goa.
Pathik Gandotra of Dron Capital said he would accumulate Sesa Goa. According to him, there are just a couple of government actions, which need to be taken for the stock to give a very decent return.
According to SP Tulsian of sptulsian.com, one may short Sesa Goa. One can look for a level of about Rs 175-176 in the next one week, he adds.
According to Ventura Securities, market to open on a negative note on the back of weak global cues.
TCS, Sesa Goa, Tata Steel, Wipro and Bajaj Auto are top gainers in the Sensex. Laggards of the day include HUL, ITC and Bharti Airtel.
According to Way2Wealth.com, market is expected to open on subdued note and thereafter will continue to trade with negative biasness. Nifty will continue to trade in broad range of 5700-5980 levels.
ICICI Bank (down 3 percent), BHEL (down 2.3 percent), Bharti Airtel and HDFC twins are among the losers in the Sensex. Meanwhile, Hero MotoCorp, Sun Pharma, Sesa Goa, ONGC and Bajaj Auto are leading the Sensex.
According to HDFC Securities, Nifty may face Immediate resistance at 5920 while the Nifty may find strong support at 5830.
According to Gopi Suvanam of Investworks, one may have a bullish stance on metal stocks like Hindalco Industries with a target of Rs 125 and Tata Steel.
According to Mayuresh Joshi of Angel Broking, Sesa Goa may touch Rs 230-240 in next 12-15 months.
Manav Chopra of Nirmal Bang Securities is of the view that one may hold Sesa Goa.
Way2Wealth has come out with its special report on Sesa Goa & Exide Industries. "Short term opportunity has seen in both the stocks, so one can buy Sesa Goa October futures above Rs 193.50 and Exide Industries (cash) above Rs Rs 134," advises the research firm.
According to HDFC Securities, immediate resistance for Nifty is at 5950, while strong support is at 5811.
Manoj Murlidharan of IIFL is of the view that metals and private banks will outperform and pharma and IT might underperform next month.
SP Tulsian of sptulsian.com advises booking profits in Sesa Goa at current level.