Top 20 trading picks from ET Now experts for Friday August 10 THE ECOMONIC TIMES (10/08/2012)
NEW DELHI: The Nifty is consolidating in a narrow range with a negative bias in the absence of supportive cues from Asian peers. According to analysts, the market may see some profit booking before resuming the next leg of upmove.
Total income has increased 31.67% from Rs 311.41 million for the quarter ended March 31, 2011 to Rs 410.03 million for the quarter ended March 31, 2012.
"The rally so far witnessed in our markets is more liquidity-driven. Essentially, global risk-on trade has been helping India year to date," Ajay Bodke, Head - Investment Strategist & Advisory at Prabhudas Lilladher, said.
"The market is lackluster and is expected to move in a band of 20-30 points. I don't see the Nifty crossing 5,360-5,370 on the upside or breaking 5,320 on the downside," Sandeep Wagle, founder & MD at APTART Technical Advisory Services, said.
"So this is 40-50-point range is what I would map the Nifty in for the day," Wagle added.
At 11:40 a.m., the 30-share BSE Sensex was at 17,516.66, down 44.70 points or 0.25 percent. It has touched a high of 17,563.46 and a low of 17,501.95 today.
The broader 50-share Nifty was at 5,309.50, down 13.45 points or 0.25 percent. It has touched a high of 5,323.40 and a low of 5,303.75 today.
ET Now spoke to various experts for their top 20 ideas for today. Ashwani Gujral of ashwanigujral.com