Ahead of Market: 12 things that will decide stock action on Monday
"If the index sustains above 17,018, it can extend the upswing towards 17,550 where a slew of resistance points are placed. However, the swift up move from the lows of 16,438 to a high of 17,170 in just three trading sessions can lead to some consolidation or profit booking," Mohammad said.
RBI meet, auto sales among 8 key factors that may guide markets this week
Ajit Mishra, VP - Research, Religare Broking, said that participants should align their positions and look for buying opportunities on dips. All the sectors are contributing to the move. "We believe the focus should still be on the top performers rather than expecting a turnaround in the beaten-down names," he added. "We reiterate our preference for auto, FMCG, banking and financials and remain selective in others."
Vikas Khemani on what he bought during market corrections
“We have increased our portfolios in the banking sector. We have added a few names where we can see not only earnings growth but also valuation rerating over the next two to three years. We have also added automobiles where we think that it is coming out of a low base."
How Much More Pain Can The Stock Market Bears Take?
The market bears, especially those short, big tech stocks like MSFT, AMZN and AAPL had a rough week. After the prolonged decline there are more short positions likely to be squeezed says the Viper Report’s Tom Aspray but how much more can the bears take?