Experts tell that the markets will open firm on Monday but will remain range bound in the absence of any immediate triggers. On the upside the immediate resistance is at 11,070 and 10,784 is a very good support base.
Dipan Mehta, Member NSE
We might trade in a range of 10,800 - 11,000 next week
Selectively, the markets will continue to do well next week. We might trade in a range of 10,800 - 11,000 next week.
Extremely positive on the Indian equity markets
I am extremely positive on the Indian equity markets irrespective of minor dips. Any dips that arise out of political developments will only provide with an opportunity to buy for long-term investors.
Markets are always right and people are wrong
Markets are always right and people are wrong. New and new companies come into the plane every time, new ideas get generated, and positive developments get built around them. All this leads to a spirally upward virtuous path.
Media is a new idea
One such new idea is the media space. Across the media spectrum, from content to broadcasting to print to all the sectors are poised for a strong fundamental growth. We have been positive on this sector for the last one-year.
The sector is entering a golden era
From the business point of view the sector is entering a golden era. The stocks in this sector may have run up in the last six months but we still remain positive on this sector.
One can buy blindly across the media spectrum
We have a cluster of small media companies that are trying to build businesses, do R&D, and are at the investment phase of their growth cycle. It is better to buy across the board.
Sumit Rohra, Antique Stock Broking
Markets could open with a pgap up
The markets definitely closed very strong on Friday. It seems that they could open with a good gap up on Monday as well.
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11,070 are the next resistance level for the markets
They could well go above the 11,000-mark if the US markets also close on a firm-footing today, then the Indian markets will surely see a good opening on Monday. 11,070 are the next resistance level for the markets.
Triple witching on Thursday could take the markets up
Also, with triple witching coming on Thursday it’s possible that the markets could trend up higher on short covering. In the near-term the very important base for the market is 10,784.
Upendra Kulkarni, Fortress Financial
It would be a range bound market next week
I am positive on the market overall. It would be a range bound market next week.
Profit booking by retail investors and MFs possible next week
Next week is the year ending, so there is a possibility of profit booking from retail investors and domestic MFs. Year-ending for the Indian financial market does not matter to foreign funds.
Positive bias with uncertainty
It will be a matter for Indian retail funds. It will be of some concern to the Indian retail investors. There will be uncertainty in the market but the bias will be definitely positive. The result season will start from the week of April, which will be the next kick-start.
Markets will be range bound with a positive bias
Markets will be range bound with a positive bias. The other factor, which is lurking in the background, is the huge demand for equities because lot of money, collected by mutual funds, is sitting idle and will enter the market on every correction.
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