Bothra

"I am extremely positive on the market at least for the very near term. The base has definitely shifted up higher from 15700 to 16000 on the Nifty," said Kunal Bothra, kunalbothra.co.in. Edited excerpts:Bank Nifty came back strongly and…

"We are coming back above the 15,600 mark on the index that is again a very strong signal. My expectation going for the next week is that the markets can probably come back towards the 16,000 mark if not above," says independent market…

"In fact many of these other NBFC stocks as well like Chola Finance, Can Fin Home etc. have gone through sharp selling in the last three or four trading sessions. I believe there could be bit of more weakness in line for these stocks," said…

"Many of these largecap and midcap IT stocks have corrected by more than 20-25% from their recent swing highs. The concern for these stocks is two-pronged. These stocks are getting into a price-wise correction. And I believe that these…

"I believe that we are now into a phase where the midcaps can start to outperform. Yes. the large caps can also chug along and they can probably play the heavy part like what we have seen for Reliance, ITC, etc. So, those should also be a…

"Majority of the weightage of the next price performance for the banking index should come out from the private sector bank names. We saw HDFC Bank looking exceptionally strong, we saw Axis Bank, ICICI Bank doing some very strong recovery…

"The correction in these PSU stocks makes them a bit more fragile over the very near term but I believe we are now at a position where it is more important to have more sustainability of your portfolios rather than a more return-oriented…

We have seen so many times over the last many years that it is the large-cap names that form building blocks of any kind of a major recovery or rally that happens, said independent market analyst Kunal Bothra. Edited excerpts: If you were…

We are now into a phase where there is more of long unwinding into the Nifty IT stocks both the midcap and the largecap names - more on the midcap because of the overweight nature of the stocks and the high position which was taken into…

I am expecting a lot of chop and churn in terms of sectors over the next couple of weeks for the indices, said Kunal Bothra of kunalbothra.co.in. Edited excerpts: What are the indicators that you are seeing on the charts? We ended at the…