Rajat Bose
rajatkbose.com
rajatkbose.com
Said, The current rally could be a short-covering one and advises traders to cover positions.
He said short-term indicators are still not suggesting that we are out of the woods yet. "That will happen only when the Nifty manages to get past 4,440-4,450 levels. Before that, 4,355 is another resistance to content with."
However, he was quick to add that the long-term indicators are pretty much bullish. "This could actually be utilized as a buying opportunity for investors who have a medium- to long-term perspective."
He said short-term indicators are still not suggesting that we are out of the woods yet. "That will happen only when the Nifty manages to get past 4,440-4,450 levels. Before that, 4,355 is another resistance to content with."
However, he was quick to add that the long-term indicators are pretty much bullish. "This could actually be utilized as a buying opportunity for investors who have a medium- to long-term perspective."
S Naren
Senior Vice-President and Head Equities, ICICI Prudential
Senior Vice-President and Head Equities, ICICI Prudential
Said markets need to correct. "You cannot have markets go up like they did between March and mid-May.
He feels three factors - monsoon, crude, Budget - will guide the moment of markets in future. "The monsoon so far has not been good. Crude has also gone up in line with the market. All these three events will become clearer over the next one month. The market movement in my opinion would be based on what happens to all these three issues."
The market can dip significantly in the near-term if the monsoon doesn’t revive in the next one week. "I think that would be something which the market cannot afford to neglect. I don’t think other than the monsoon, there is a case for very significant correction in the market because there is substantial cash lying with many investment institutions in the country. Domestic institutional investors numbers for the last two days have been positive which shows there is a fair amount of cash lying with them."
He feels three factors - monsoon, crude, Budget - will guide the moment of markets in future. "The monsoon so far has not been good. Crude has also gone up in line with the market. All these three events will become clearer over the next one month. The market movement in my opinion would be based on what happens to all these three issues."
The market can dip significantly in the near-term if the monsoon doesn’t revive in the next one week. "I think that would be something which the market cannot afford to neglect. I don’t think other than the monsoon, there is a case for very significant correction in the market because there is substantial cash lying with many investment institutions in the country. Domestic institutional investors numbers for the last two days have been positive which shows there is a fair amount of cash lying with them."
Amit Dalal
Amit Nalin Securities
Amit Nalin Securities
Said, The range of 4,200-4,500 to hold till the Budget is announced. He does not rule out a re-test of 4,100 levels. "This market is looking towards the Budget on a more positive note, so I don’t think there will perhaps be a correction for long. The range will hold true as the days proceed. But if the dry spell continues and investors start worrying, there could be a case for markets to correct downwards. The chances of getting rains are perhaps more than the possibility of no rain. So, any correction will be looked at a time to buy."
If there is a lacklustre market, he sees the market selling off and consolidating for 2-3 months.
He feels investors should trade contrary to the market. "One should buy on dips and then take profits and sell off before the event. It would perhaps be more dangerous to go with 4,400-4,500 index or a little higher just before the Budget."
source: CNBC TV18
If there is a lacklustre market, he sees the market selling off and consolidating for 2-3 months.
He feels investors should trade contrary to the market. "One should buy on dips and then take profits and sell off before the event. It would perhaps be more dangerous to go with 4,400-4,500 index or a little higher just before the Budget."
source: CNBC TV18
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