Laurence Balanco of CLSA expects Nifty to hit 14,100-14,200 if 13,800 is taken out. “13,500-13,800 is the near-term target on the Nifty,” he said in an interview with CNBC-TV18.
On sectors, Balanco said he sees medium-term momentum in auto names while expects 32,600 on Nifty Bank as momentum continues.
According to him, 12,470 is the key support for the Nifty and the short-term weakness will be limited to this level.
For the entire interview, watch video
(Edited by : Mitali Mohite)
First Published: Dec 3, 2020 10:20 AM IST