




The markets kicked the week off on a muted note. The frontline indices traded in a narrow range, and finally closed absolutely flat. The Nifty ended the session just below 5,400, while the Sensex shut shop at 18,037, with a 29 point gain.
Sanjay Dutt, Director of Quantum Securities does not expect the markets to fall below the 5200 level, in an exclusive interview to CNBC-TV18 he said that levels below 5200 could not be justified on a fundamental basis.
Sanjay Dutt director of Quantum Securities already has a bullish stance on the market and feels that it will definitely see new highs in 2011. The rationale: He feels the risk reward is positive. "Most bank stocks have adjusted their balance sheet concerns," he adds.
Stay long on Jaiprakash Associates, says Sanjay Dutt, Director, Quantum Securities.
Indiabulls Real Estate is looking attractive at the current levels, says Sanjay Dutt, Director, Quantum Securities.
Buy Reliance Industries, says Sanjay Dutt, Director, Quantum Securities.
IT space will underperform over the next 12 to 18 months, says Sanjay Dutt, Director, Quantum Securities.