In an interview with CNBC-TV18, technical analyst Rahul Mohindar, market expert SP Tulsian and Jigar Shah of Kim Eng Securities India talked about their market outlook going forward and discussed various stock and sector strategies.
Indian markets have settled down in a slightly higher range compared to 6800-7500, following the recent volatility, even as global macros continue to remain worrying, says Nitin Raheha of AQF Advisors.
Sudarshan Sukhani of s2analytics.com says traders should trade the current market but keep volumes low as there is no clear positive trend for the Nifty and it is in a trading range.
Sudarshan Sukhani of s2analytics.com has a buy rating on L&T, BHEL, Colgate, Axis Bank, Maruti Suzuki, and a sell call on Exide and Voltas.
The central bank will cut rates by 50 basis points this year based on falling inflation and a dip in growth, says Rohini Malkani, economist at Citi India.
India, the world's biggest buyer of the metal, will celebrate Akshaya Tritiya on May 13, the biggest gold-buying festival after Dhanteras. The wedding season is on and will continue through July.
CNBC-TV18 managing editor Udayan Mukherjee explains that though the festive cheer is subdued in the market, it may break range on strong results and postive global cues: Udayan
It was a range bound session for the market as the Nifty perked up a bit in late trade to close around 5270. It is still trapped in a 50 point trading range, said Udayan Mukherjee, managing editor of CNBC-TV18.
Sudarshan Sukhani of s2analytics.com believes the Nifty is all set to break its 100-point trading range and move above the 5300 level.
It's been a range-bound yet sluggish session for the market today. It's just been gyrating around 5200, and has not made much headway on either side, says Udayan Mukherjee, managing editor, CNBC-TV18
Due to the lack of any strong global cues and yesterday’s lackluster trade, Sudarshan Sukhani of s2analytics.com tells CNBC-TV18 that the market is likely to enter a trading range between 4,700-4,900.
Going into a new week, Sudarshan Sukhani of TechnicalTrends.com expects to see a trading range with higher boundaries develop.
"Nifty is certainly trying to build a trading range," said Sudarshan Sukhani of Technical Trends.com. In an interview to CNBC-TV18, he said that in all probability, the broad range for the market to trade can be seen at 4,600-5,000 levels.
Anil Manghnani of Modern Shares & Stock Brokers joins CNBC-TV18 to give his outlook of today’s market.