Market to oscillate between 16,000 to 16,500
Brokers Outlook: Market to oscillate between 16,000 to 16,500 Bhupendra Sharma, vice president, Hornic Investments said that, today market touched another high, which was expected, but closed firm, giving good signals to traders. Market opened positive then swayed in a range of 100 points up and 20 points down. For the next two three trading session, he expects market to trade in a range of 16,000 to 16,500. He is bullish on market and says that, it will continue to trade above 16,000 level. Today real estate performed well at the bourses. He is bullish on Reliance Group companies and sugar stocks like Bajaj Hindustan, Renuka Sugars and Balrampur Chini. Among mid-caps he recommends a buy on KRBL. “Very soon an upward rally would be seen in pharma sector,“ he added. Looking at the current market movement Sarabjit Kaur, VP Research, Angel Stock Broking opined that, markets are likely to remain in the positive zone on the back of positive news flows. When queried whether market will cross another landmark of 17k, she said that, Indian company`s fundamentals continue to be strong, since results will soon start flowing in, expectations are getting build up but she is not very sure whether it will touch this level soon. She is bullish on banking and software sector. Infrastructure industry continues to look good, she added.
