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Nifty May Move 200-300 Points In May Series; Bank Nifty To See More Expansion: Pros

It was a stellar performance by the bulls this April series with the Nifty gaining 1.8% and the Sensex rising 1.3 percent. The benchmark indices Thursday consolidated after hitting fresh intra-day highs. Nifty ended the day below 9,350 but the Sensex held to the 30,000 mark.

Hemant Thukral of Aditya Birla Money, Prakash Diwan of Altamount Capital, Management, Mitessh Thakkar of, Ashwani Gujral of and Neeraj Deewan of Quantum Securities in an interview to CNBC-TV18 shared their views on the outlook for the market and the next series going forward.

Gujral says since the Bank Nifty has already broken out to fresh highs, new highs are a given. It is showing a lot of strength. In long-term it could even go to levels of 27500-28000. In the short-term the expansion should continue and Nifty too could make a 200-300 point move in the May series.

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