A decisive trade above 11,840 will confirm short term trend reversal and Nifty can extend its move towards 11,980-12,070
Vinod Nair, Head Of Research at Geojit Financial Services said since the valuation of mid and smallcaps is below the long-term averages, they are bound to outperform
Global volatility and elections-related uncertainties are key events to watch out for
Positional trades should buy into this counter for a target of Rs 154 with a stop below Rs 129 on a closing basis.
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
Rajesh Agarwal of AUM Capital recommends buying Indian Hotels with stop loss at Rs 130 and target of Rs 144, Can Fin Homes with stop loss at Rs 228 and target of Rs 248 and Cyient with stop loss at Rs 733 and target of Rs 753.
The S&P BSE Sensex lost 256 points while the Nifty50 ended 0.78 percent lower for the week ended 7 September.
Dinesh Rohira of 5nance.com expects the Nifty to trade around 11,810 on upside and 11,670 on the downside on a weekly basis
For the week, largecap added 0.9 percent, midcap rose 1.51 percent, while smallcap was ended on flat note.
According to Rajat Bose of rajatkbose.com, one may hold Welspun Corp.
Sharmila Joshi of sharmilajoshi.com is of the view that one may sell Welspun Corp.
Prakash Gaba of prakashgaba.com feels that Welspun Corp may test Rs 180.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular, Welspun Corp and JM Financial.
The bad has been done or negligible is being left, one should start accumulating good quality and cheap valuations steps available in the market, says Dyaneshwar Padwal – AVP – Technical Analysis, KIFS Trade Capital to Moneycontrol.
Ashwani Gujral of ashwanigujral.com recommends buying CESC, Escorts, Indraprastha Gas, Chennai Petroleum and Welspun Corp.
Sumeet Jain of Destimoney Securities is of the view that one may sell Multi Commodity Exchange of India (MCX) Future with a target of Rs 955.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Welspun Corp and Apollo Tyres and sell Tata Motors.
Ashwani Gujral of ashwanigujral.com recommends buying Bank of India, Sintex Industries, Jubilant Foodworks, Welspun Corp and GSFC.
Ashwani Gujral of ashwanigujral.com recommends buying HPCL, Divis Laboratories, SPARC, Capital First, Idea Cellular and Welspun Corp.
Ashwani Gujral of ashwanigujral.com recommends buying HCL Technologies, Interglobe Aviation and Marico.
Ashwani Gujral of ashwanigujral.com recommends buying Welspun Corp, Interglobe Aviation and Pidilite Industries and advises selling Central Bank of India and Fortis Healthcare.
Rajesh Agarwal of Aum Capital is of the view that one may exit Welspun Corp.
Prakash Gaba of prakashgaba.com is of the view that one may exit Welspun Corp.
Market expert SP Tulsian believes that it is imperative to see the financial position of oil-related companies. He said that Deep Industries which provide gas compression services and has no relation with the crude price hike looks a good bet.
Ashwani Gujral of ashwanigujral.com recommends buying Welspun Corp, JSW Steel, Jubilant Life Sciences and Petronet LNG.