After major European indices started to sell-off, Indian equities that started off confidently, joined the bandwagon slipping below 7900 in less than an hour.
This is not a market to short, says Siddharth Bhamre of Angel Broking and is willing to go long on stocks. Speaking to CNBC-TV18, he said it is advisable to go long despite warnings of global weakness and earnings fears because there is enough evidence of strong hands continuing in the market.
In an interview to CNBC-TV18, Siddharth Bhamre of Angel Broking and Prakash Diwan of Altamount Capital Management share their views on the market and select stocks.
People were not optismistic on the market last week, and depsite strong rally Siddarth Bhamre of Angel Broking advises against taking aggressive long positions. He is bullish on Infosys, Coal India, ICICI Bank, Reliance Cap.
In an interview to CNBC-TV18, Bhamre, Taher Badshah and Neeraj Deewan share their views on the market and on select stocks.
Issues such as rising oil prices, taxation and uncertain monsoon have been weighing the market since it was 400 points higher than it is now, says UR Bhat of Dalton Capital.
With fourth quarter earnings season already underway, Mehraboon Irani, Nirmal Bang Securities does not expect corporate numbers to be very good. However, he says December quarter earnings were the worse in the last three quarters and the market showed resilience. But the question now is whether the market will continue to show this resilience.
In an interview to CNBV-TV18, Siddharth Bhamre of Angel Broking shares his views on the market and the F&O expiry.
Siddharth Bhamre of Angel Broking is of the view that one may prefer Union Bank of India for the covered Call writing.
Siddharth Bhamre of Angel Broking advises shorting ICICI Bank.
According to Siddharth Bhamre of Angel Broking, one may go long in Biocon with a target of Rs 464.
According to Siddharth Bhamre of Angel Broking, one may go long in Reliance Infrastructure. "The stock may move to Rs 518-520."
According to Siddharth Bhamre, Head - Investment Advisory and Derivatives at Angel Broking, one may prefer Hero Motocorp.
Siddharth Bhamre, Head - Investment Advisory and Derivatives at Angel Broking is of the view that one may short Larsen and Toubro.
In an interview to CNBC-TV18, Siddharth Bhamre of Angel Broking shares his views on February F&O expiry and his expectations from March series ahead of the Union Budget on Saturday (February 28).
In an interview to CNBC-TV18, market experts Anand Tandon; Devang Mehta of Anand Rathi Financial Services and Siddharth Bhamre, Angel Broking share their views on the market and their outlook for the upcoming days.
Watch the interview of Siddharth Bhamre, Angel Broking with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
R Venkatraman, MD, IIFL believes that weak earnings were already factored in by the market and expects 2015 also to be a good year as 2014 but says one should not expect 30-40 percent returns.
Among specific stocks, Siddharth Bhamre of Angel Broking is bullish on Reliance Industries, ITC, DLF and L&T, which may show good bounce after a brief correction.
Watch the interview of Siddharth Bhamre, Angel Broking with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
Siddharth Bhamre of Angel Broking believes people should no more be cautious on this market now and must buy as a meaningful correction is unlikely before expiry. One should not get carried away by the intraday correction, it is just profit booking, he adds.
According to Siddharth Bhamre of Angel Broking, one may short Ashok Leyland at around Rs 53.5-54.
According to Siddharth Bhamre of Angel Broking, one may short Tata Motors at around Rs 500-505.
Siddharth Bhamre of Angel Broking advises shorting ICICI Bank and Axis Bank.
Siddharth Bhamre of Angel Broking is of the view that one may short ICICI Bank and Axis Bank.