Weaker monsoon a concern for markets; downside to Nifty limited: Experts
Published On: July 05, 2012 11:42 (IST) | Duration: 33 min, 04 sec
In a discussion on NDTV Profit, Saumil Trivedi, Market Analyst and Avinnash Gorakssakar, Founder Director, Moneyinvestments.in, share their views on how the market is going to perform ahead. "Expect the Nifty to be consolidation phase between 5100-5450," said Trivedi. Gorakssakar sees limited downside to the Nifty from the current level. "We see 5350-5400 as a possible target on the Nifty. Currently, weaker monsoon is a key concern for markets. We expect Q1FY13 earnings to surprise positively," he added.