SV Prasad of Schroders said the markets can move higher from here. "The worst may be behind us. The liquidity position has improved, especially in the money market."
Investors need to look at extent of forex losses in Q4 results, he said.
Gautam Shah of JM Financial Services said the Sensex could go beyond the 18,000 levels over the medium-term. "Emerging markets, Dow Jones looking very good on charts, which is a positive for India. The markets are likely to come out of consolidation range in 2-3 weeks. The Nifty is likely to cross 5,000 in the near-term and then go up to 5,300."
He feels it is a good time to buy. "The Sensex and Nifty may have seen the worst at 14,700 and 4,450 respectively."
Source: Moneycontrol.com
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