Brokers: Moderate Optimism To Prevail on BSE This Week

Brokers: Moderate Optimism To Prevail on BSE This Week

As usual, on Monday we asked three market experts to share their expectations of trade for the week. Here is what they told today:

Alexander Nikolov, EIBank

I expect moderate optimism to prevail on BSE this week with slight negative swings at moments. It is clear by now that the large potential sellers have already wrapped up their sales and the question now is when they will be coming back as buyers. This is what will turn the trend up again and my bet is that we won't have to wait long.

Geno Tonev, investment consultant, DF Ug Market Maximum

My expectations this week are in the sphere of medium optimism. I don't think indexes will be making any significant gains in the following five days, which is not strange as we have just seen the end of a nearly four-month-long correction.

I will be closely watching Enemona and Petrol, which were among the most attractive stocks last week - while the rest of the market was fluctuating, those two were hitting higher and higher prices.

How long will this lack of correlation continue and what is the reason for it, we will find our soon.
Another thing to watch for this week is the bousre debut of Torgotem.

Krasimir Atanasov, portfolio manager, Elana Trading

I don't anticipate very active trade this week. I believe we are to see modest turnovers and insignificant price changes. I cannot forecast a specific direction for indexes, what is certain is that there will be no major shifts.

This article is analytical and should not be perceived as recommendation for buying/selling stock.

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