Technical analyst, Sudarshan Sukhani of s2analytics.com spoke with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.
Technical analyst, Sudarshan Sukhani of s2analytics.com spoke with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.
Sushil Kedia, Director- Quantitative Strategy at CIMB feels that the Nifty is showing bearish trends. He maintains the mid-term target for the Nifty at 4,500.
Sudarshan Sukhani of s2analytics.com expects a downtrend for the short term in the Nifty on Monday. He feels that there will be more shorting opportunities.
Market experts advise investors to go short and start booking profits as the market slips into a downtrend. Experts add that investors could enter ITC, RIL with long-term view.
Market experts advise investors to cover short positions on estimates that the market could witness increase volatility in the days ahead and suggest bets on Jet Airways and Titan.
JP Morgan says the move by the Indian government to cut the tax on interest earned by foreigners investing in domestic debt should help bring in around USD 5.2 billion into domestic debt and more importantly reduce the upside for the USD/INR.
Sushil Kedia, Director - Quantitative Strategy, CIMB feels that it is difficult for the market to past 6,000 levels. Apart from Tata Steel and crain everything else looks bearish to him.
Siddharth Bhamre, Angel Broking believes that this market is going down because there are no domestic buyers and not because elections might be held earlier.
Dipan Mehta, member, BSE and NSE says that theSBI's quarterly results indicate the NPA cycle reaching a bottom and signal higher profit-levels for PSU banks.
In an interview with CNBC-TV18, Siddharth Bhamre of Angel Broking, spoke about his reading of the market and his outlook.
Independent analyst Ambareesh Baliga forecasts, on CNBC-TV18, that a rally, on the probable triggers of the Budget and poll-results in Gujarat, could take the Nifty to touch a target of 6,800.
Nick Parsons of National Australia Bank explains to CNBC-TV18 that the rally in the markets was due to investors closing in their short positions. He adds that any durable rally would depend on the outcome of the meeting of the G20 in Mexico.
Siddharth Bhamre of Angel Broking explains to CNBC-TV18 that tje fall in the rupee was purely on sentimental grounds and advises investors not to create or hold onto short positions in the market
Sudarshan Sukhani of s2analytics.com tells CNBC-TV18 that traders should start building short positions again because the downtrend is back.
Macquarie's Asia hedge fund has exited its short positions in Indian single stock futures in response to a controversial set of proposed tax rules that could lower investment returns.
The Nifty seems to be in a strong downtrend and could be heading for a new 52-week low, said Devangshu Datta, Consulting Editor of Outlook. Moreover, he feels the Nifty will not move past 4,850 levels on the upside.
Siddharth Bhamre of Angel Broking said the market trend is downward and this is not a time to do bottom fishing. "I won’t suggest to square off short positions so soon," advised Bhamre.