8 votes
The Nifty has broken the 50% retracement at 5435 with force, which means it should continue its upward journey; the next logical target being 5650, says Technical Analyst, Mohit Gaba.
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CMD of Prime Database, Prithvi Haldea, says that the government should consider offering discounts to retail investors so as to encourage participation in the upcoming ONGC auction.
8 votes
SP Tulsian of sptulsian.com is positive on Bharati Shipyard, Pantaloon, Provogue, SKS Microfinance and MCX IPO.
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In an interview to CNBC-TV18, Aashish Tater, Head of Research, Fort Share Broking discusses his two multibagger ideas - Akzo Nobel India and Bayer CropScience.
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Sudarshan Sukhani of s2analytics.com tells CNBC-TV18 that the broad trend in the market continues to remain up, so position traders will benefit.
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Abhijit Chakraborty of Fortune Equity Brokers has a downbeat view on our market. Yesterday's pullback wasn't a one-off correction, according to him.
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We have had two big series that we have put behind us. And the underlying trend, according to Nirmal Jain of IIFL is still bullish.
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Prabhat Awasthi of Nomura recommends staying invested in the market going into March with a number of important catalysts coming up in the first half of the month including the UP assembly election results, the Union Budget and the RBI's rate decision.
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The 64.27 lakh shares IPO of MCX - world's 5th largest commodity exchange - turned out to be one of the best received offer in the last one year. The issue has been subscribed 53.78 times (at 5 pm) on the last day with overwhelming response from every ty
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Traders should continue to hold short positions on the Nifty with a stop loss at 5630 for targets towards 5220 levels, says Technical Analyst, Mohit Gaba.
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SP Tulsian of sptulsian.com feels that Vedanta has conveniently got rid of the loss making Vedanta Aluminum by transferring it to the Indian company. As per calculations, debt of the new merged entity stands at Rs 70,000 crore which will definitely not go down well with the Indian investors
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Rupee weakness into 49.15-49.25 is considered good to sell April 2012 dollars around 50, says Moses Harding, Head - ALCO and Economic Market Research, IndusInd Bank.
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Index heavyweight Reliance Industries can fall to about Rs 760, says SP Tulsian of sptulsian.com. "I dont see any reason for the stock to move beyond Rs 800. But I dont think the stock can really fall below Rs 760 in this carnage," he asserts.
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Mehraboon Irani, principal and head private client group business, Nirmal Bang Securities gives his analysis on the impact the third quarter GDP number which came in at 6.1% will have on the market.
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The Indian market has been extremely volatile this week. In an interview to CNBC-TV18, Anil Manghnani, Modern Shares Stock Brokers says, 5,210 should be the first support level for the Nifty. I wouldnt say the uptrend is broken, but yes we are in the corrective phase, he asserts.
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