Profit booking likely around 3400 on Nifty: Devesh Kumar
April 9th, 2009
Devesh Kumar, Centrum Finance: The last leg of the current rally is largely liquidity driven. There could be some volatility due to the elections. Profit booking is expected around 3400 on the Nifty.
Siddharth Bhamre, Angel Broking: The market might open gap up but is unlikely to sustain gains. I would not advise investors to open fresh shorts now. Data suggest that FIIs have created fresh shorts in stock like SBI, Bharti and ONGC.