The BSE Sensex already surpassed earlier record-high and made a fresh high of 40,392.22 last week, showing over 11 percent gains from September lows.
We expect the domestic prices of gold to touch Rs 41,000-41,900 per 10 gram
If Nifty crosses above 11,750 levels, a bounce-back towards 11,820 and then possibly 11,870 levels can be expected.
For next week, Nifty has strong support at 11,650-11,580 and resistance at 11,825-11,900
The stock can be bought at current levels and on dips towards Rs 1,610 with a stop loss below Rs 1,535 and a target of Rs 1,850.
Immediate resistance zone is seen at 10,960-11,020. But, last week’s high of 11,118 needs to be taken out a rally to be seen on the upside
Manali Bhatia of Rudra Shares and Stock Brokers said high volatility and sharp moves are expected this week as in the past years also, last week of October witnessed major falls and turn around, including in the year 2008.
There was a lot of stock specific action in the small, mid and largecaps which kept traders busy in last week.
If you look at a 3-6 months period, stocks will still look at prices way lower than earlier, said Pritam Deuskar, Fund Manager, Bonanza Portfolio
With over 175 international countries supporting the Yoga practice, it has a clearly paved way to become mentally and financially healthy.
Vinod Nair of Geojit said the selloff in the mid and smallcap space can provide a value buying opportunity when the market turns around
We analysed the BSE universe to find stocks that gave a return of 100 percent if they had been held for the last five years.
In an interview to CNBC-TV18's Latha Venkatesh, Surabhi Upadhyay and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
The range of 9,900-10,100 levels will remain crucial for this week as indicated by option open interest concentration.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Larsen & Toubro and buy Bata India and Vinati Organics.
From the last few sessions, Nifty is showing sideways moves but with positive bias along with the addition of decent open interest.
Ashwani Gujral of ashwanigujral.com suggests buying Vinati Organics, Tata Communications and Bharat Forge.
Ashwani Gujral of ashwanigujral.com advises selling SBI and Aurobindo Pharma.
According to Ashwani Gujral of ashwanigujral.com, one can sell Reliance Infra and Biocon while one can buy Vinati Organics.
Parag Thakkar of HDFC Securities is of the view that Grasim Industries offers great value while Vinati Organics looks interesting.
Parag Thakkar of HDFC Securities is of the view that one may pick Tata Motors DVR, Vinati Organics and Carborundum Universal.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Hindalco Industries and Maruti Suzuki and buy Vinati Organics.
Rajat Bose of rajatkbose.com expects Ashok Leyland to hit Rs 94-95.50.
Prakash Gaba of prakashgaba.com is of the view that one may buy Jubilant Foodworks.
Prakash Diwan of prakashdiwan.in likes Vinati Organics from the chemical space.