Reacting to the latest RBI policy review that doled out a 50 bps CRR cut for the street while keeping repo rate unchanged, Nilesh Shah of Axis Direct says that it sure is good news.
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The support for the Nifty is at 5000 and resistance at 5067-5145, says Technical Analyst, Prakash Gaba.
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Apprehensive of the directionless market, Sudarshan Sukhani of s2analytics.com tells CNBC-TV18 that he thinks it is best to stay out of things till the market makes up its mind.
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Anil Manghnani of Modern Shares and Stock Brokers tells CNBC-TV18 that the Nifty could rally another 100 points if it manages to close above the 5067 level.
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The interplay between the earnings downgrade cycle and the upcoming rate easing could create an inflexion point for market valuations, says Rahul Singh of Standard Chartered.
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Aashish Tater, head of research at Fort Share Broking picked out his favorite stocks today on CNBC-TV18. He chose Linc Pens and Videocon as multibagger ideas for today. Check out his comments on the stocks.
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Sangeeta Purushottam, MD, Nine Rivers Capital feels that there may be a bout of profit booking unless the policy throws some surprise.
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Sanjeev Prasad of Kotak Institutional Equities talks about the stocks that are in news this week. In an interview to CNBC-TV18, Prasad said that LT will continue to face execution challenges. It beat market expectations on Monday with a 22% jump in third-quarter net profit.
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Prayesh Jain of IIFL gave his take on Reliances results on CNBC-TV18. He says that the stock is likely to underperform in the near-term, given its earnings estimates have high leverage to gross refining margins (GRM) and GRMs may not recover as fast as expected.
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Sanjeev Zarbade of Kotak Securities spoke to CNBC-TV18 about his expectations of the LT numbers and pointers to watch out for.
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SP Tulsian, sptulsian.com in an interview to CNBC-TV18 gave reading and outlook on stocks across various sectors.
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The broad objective may be to test the 200-day EMA and SMA, which are placed at 17096 and 17384 respectively, says Technical Analyst, Hitendra Vasudeo.
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The market is ripe for some kind of correction or resuming its bear market move, says Sudarshan Sukhani of s2analytics.com.
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Mithil Pradhan of Violet Arch Capital Advisors spoke to CNBC-TV18 about his expectations of where the market is headed now.
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Now that third quarter earnings of some of the major companies are announced, the market is eagerly waiting for the RBIs credit policy review expected tomorrow. Though there are whispers of a possible CRR cut, Nilesh Shah of Axis Direct is confident that the market will not be disappointed if RBI does n
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