Deven Choksey, Managing Director KR Choksey firm has given vent to his mind related to Indian stock market and his quotes are as appended below.
The views of experts enables us at times to get to know the view point which is generally invisible to general public and thus it makes a point to know the people mind who have a hand in making or breaking the market.There is a threat because some of the data points which are likely to come out next week are not going to be very encouraging. That is where the market is giving up any small gains which it has recorded in past. To my mind, so it is already discounted in the market. If the European Union outcome is not very positive then we will see a larger impact coming into the market because of additional moves that start coming in from the local side. But if European outcome is positive then to a greater extent the negatives that we are talking about from the local side may remain muted in the next week. So it’s going to be a kind of a situation where the confusion and lack of buying would continue. So, this is not a market where one can create sure direction as to where one would like to trade. It would still remain in the range of around 400 points between 4,850-5,250 levels.
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