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Nifty50 on Friday failed to see any confirmation of the trend reversal after forming a Hammer-like candle on the previous day. Instead, the index ended up forming a bearish candle on both daily and weekly scales. This was also the third consecutive session when the index formed lower highs and lows, suggesting a bearish bias.

Markets tend to lead the economy. The all-time highs in markets is a good thing for the economy six to nine months from now, says Ryan Detrick, Senior Market Strategist, LPL Financial, in an interview with ETNOW.

Nifty50 failed to hold above 11,888 level on Friday and consolidated for most part of the day, but strong selling pressure emerged in the last hour of the session. The index formed a bearish candle on daily and weekly scales, which signalled selling pressure at higher levels. The index has been consolidating between 11,761 and 12,041 levels for 14 sessions now and requires a decisive range breakout to commence the next leg of rally. Else, it is likely to move in a broader trading range.

The budget will be one of the key indicators of where the reforms are headed in the year ahead, says Mahantesh Sabarad, Head, Retail Research, SBICAP Securities, in an interview with ETNOW.

Nifty50 on Thursday made a smart intraday recovery to settle higher, forming a bullish candle on the daily chart that resembled a ‘Hammer’. Analysts said follow-up buying is needed for any confirmation of the positive trend. A fall below Thursday’s low of 11,817 could bring in weakness, they said.

In Thursday’s rangebound trade, the headline Nifty50 swung nearly 100 points on either side before ending the day with minor gains. The session remained very much on expected lines as Nifty did not see any runaway rise but at the same time, played to the tunes of weekly expiry of the index options.

In sectors like construction, private sector bank, chemicals there we see a bottom up opportunity in spite of the near-term slowdown in domestic demand, says Rana B Gupta, MD, Manulife Asset, in an interview with ETNOW.

Recovery in the last hour of trade helped the market close flat on June 13, backed by select major banking & financials. Benchmark indices were down in the morning due to mixed macroeconomic data and weak global markets.

In the previous note, it was mentioned that the market may head either way, possibly towards the lower side. In line with the analysis, Nifty opened lower on Wednesday and remained weak throughout the session. The index finally ended with a loss 59.40 points or 0.50 per cent.

Bullish projections for India’s equity benchmark Sensex have been rising, despite question marks over economic growth numbers, primary data reflecting clear signs of slowdown and the financial system smarting under a crippling liquidity and debt default crisis.

We have a bias for domestics and domestic demand players. We are basically arguing that this domestic orientation of the Indian market is an attractive feature right now, says Jonathan Garner, Chief Asia & Emerging Market Strategist & Chairman of Asset Allocation, Morgan Stanley, in an interview with Nikunj Dalmia of ETNOW, at the Morgan Stanley India Summit.

Investors on Dalal Street adopt various strategies to generate good returns. While some cherry-pick stocks on the basis of valuation ratios such as price-to-earnings or book value in an approach known as value investing, while others prefer going with companies with growth potential in what is called growth investing.

Nifty50 failed to surpass the immediate barrier in the 11,975-12,000 zone and witnessed selling pressure towards 11,866 level. It negated the formation of higher highs and lows after three sessions, but followup profit booking was also missing at lower levels.

The market snapped a three-day winning streak to close sharply lower on June 12 as traders turned cautious ahead of the factory and retail inflation data expected later in the day.

We believe that the market is entering a risk on mode and midcaps are at a 10 percent discount to large caps. Thus midcaps should do well over the next one year, Vivek Ranjan Misra- Head of Fundamental Research at Karvy Stock Broking said in an interview with Moneycontrol’s Kshitij Anand.