Taking cue from the strong global market sentiments and slide in dollar at the Forex market, equity experts in the Indian markets are bullish on 50-strip benchmark Nifty. After the 150 points rally at Sensex on Monday, Motilal Oswal, Equity Rush and some more broking firms and various researchers are advising to buy Nifty at or around Monday close levels for the target of 10,900, which they feel can be achieved any time this month.

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Kunal Saraogi, CEO, Equity Rush told Zee Business Digital, "Traders can buy Nifty at or around Monday closing levels for the immediate target of 10,800 and then 10,850 and 10,900." He said that Nifty has strong support at 10,725 so traders can take stop loss at this level to keep themselves safe. Saragoi told that metal stock are bullish and Bank Nifty may take a lead in this rally. He advised traders to buy banking stocks at every correction or profit booking.

Asked about the time in which Nifty is expected to touch 10,900 levels, Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal told Zee Business Digital, "Traders can expect Nifty to touch this level any time this month as global indicators are favouring bull run at markets.

" He said that banking, NBFC would lift this rally as dollar is expected to remain bearish and dovish Federal Reserve's approach over rates are further fuelling the rupee run against dollar, which is also an advantage for the Indian markets. 

Chandan Taparia of Motilal Oswal advised traders to buy ICICI bank, Axis bank and HDFC bank stocks as they would be the major beneficiary of this bull run at Indian index.

After breaking the psychological 36,000 level, the Indian Sensex had closed over 150 points on Monday on slide in dollar and expected ease in US-China trade stand-off as both nations are going to sit for talks over the matter this week.