In the Business Standard poll of domestic brokerages, half of the participants expected the Sensex and the Nifty to surge 10-15% in the next one year.
Market momentum has weakened recently and the market appears to be heading for a risk-off mode.
Overseas, Asian stocks are trading mixed on Thursday, following overnight losses on Wall Street.
ShareIndia is bullish on Tech Mahindra with a price target of Rs 1,640 per share.
Sensex ended at 60,008.33, down 314.04 points or 0.52%, while Nifty dropped 100.55 points or 0.56% to settle at 17,898.65.
A sharp market correction is likely to happen when the FIIs turn big sellers. But there are no signs of that yet.
Japan's exports snapped seven months of double-digit growth in October due to slowing car shipments hit by global supply constraints.
Ventura Securities is bullish on Ion Exchange with a price target of Rs 2,600 per share.
Sensex settled at 60,322.37, down 396.34 points or 0.65%, while Nifty ended 110.25 or 0.61% lower at 17,999.20.
The bull run is likely to continue for the next 2-3 years but things won't be easy from here in terms of stock picking.