Experts see more upside if 3150 Nifty is crossed
March 28th, 2009
Nilesh Shah, Managing Director and CEO, Envision Capital, is surprised by the extent of the market rally, which had started on a wall of worries. He feels the markets have shrugged off the negatives and turned their attention to the positives. “The markets are at the upper end of range and it will be difficult to sustain over 5% gains.”
He sees critical resistance for Nifty at 3,150 and expects the market to pause after that, which will be ascribed to uncertainty over elections.