Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
The markets have successfully closed above the 14,700 level and this is a positive signal. We should now be headed to 15,100. The index has good support at 14,300-14,400 and as long as that holds, we could use any intraday correction or dip to buy into this market for higher targets.
S Hariharan, Head – Sales Trading, Emkay Global Financial Services
Market sentiment has been boosted by a set of strong results and continuing strong momentum in global markets, which has over-shadowed concerns over economic activity arising from renewed lockdowns and the second wave of covid-19 infections. Market-wide futures rollover has been strong with the median basis holding close to fair level of 42-43 bps, while roll proportion is strong at 60%. Metals & Banking sectors, in particular, have seen renewed long open…