Wednesday, 29 October 2008

Mkts near bottom; no major bounce seen: Brics Sec

Anand Tandon of Brics Securities does not expect markets to fall further from these levels. "Markets are near their bottom, but we do not see too much bounce from these levels."

According to Tandon, the Sensex might touch 12,000 in the next couple of quarters. "But that would make the markets get into expensive mode."

He is bearish on the capital goods and construction space.

Ashwani Gujral, Technical Analyst sees Nifty trading volatile between 2,200 to about 3,050 in November. He said markets will not get out of this bearish phase unless it closes above 3,800, which is a long way off.

Source: Moneycontrol

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