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Expect Nifty to hit 14,200; see fresh break-outs in auto sector, says CLSA

Updated : December 03, 2020 10:20 AM IST

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
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