Udayan Mukherjee, managing editor of CNBC-TV18 says that it’s definitely been a good comeback because in five days, the Nifty gave up 350 points, but it seems to have got arrested today, well above the support level of 5200.
CNBC-TV18's managing editor Udayan Mukherjee says that he is not surprised to see the panic in the market post the break of 4700.
According to Ambareesh Balinga of Way2Wealth, the best thing to do now is wait and see if the 4700 level on the Nifty is decisively broken.
Anil Manghnani of Modern Shares & Stock Brokers joins CNBC-TV18 to give his perspective of where the market is headed today.
Moneycontrol.com editor Santosh Nair and Shishir Asthana from Firstpost are back with the market updates at Mid-day.
Speaking to CNBC-TV18, Vibhav Kapoor of IL&FS says that the market is currently pricing in many negatives, and therefore, the downside is limited. He expects the Nifty to find support at 4700-4800 levels.
In an interview to CNBC-TV18, Suri pointed out that the Nifty may slip to 4200 levels. He sees support of Nifty at 4050-4100 and subsequently at around 4650. However, Suri feels that 5200 is a key level to watch out for.
Udayan Mukherjee, managing editor of CNBC-TV18 summerises the trades for today and comments on the close of the market for the week.