Goldilocks' Gautam Shah weighs in with his expert insights on why retail investors should stay cautious while invested in all-time high markets.
On the flip side, 17,450 – 17,300 is seen as key support and the first sign of weakness will be seen only if we slip below the same.
"Traders were cautious, as government fiscal deficit touches 31.1% of budget estimates at the end of August"
"Expect some more volatility to continue although 17,350 is the critical support for the Nifty while 17,777 is the immediate resistance"
Chandan Taparia of Motilal Oswal Financial Services is positive on MTAR Technologies with a target price of Rs 1,530.
Gartner’s estimates that outsourced IT services spend are likely to grow at an 8.6% CAGR over 2020-25.
"Markets have had a one way rally so far but these volatile signs may indicate some consolidation coming up"
Antique Stock Broking has a buy rating on the stock with a price target of Rs 240 per share
"While India continues to be one of the better performers in global markets, the short term charts look overbought"
Rohit Singre of LKP Securities is positive on Deepak Nitrite with a target price of Rs 2,420/2,480.