Sensex may correct to 19,000 on growth concerns: BoAML

Written By Unknown on Rabu, 24 Juli 2013 | 10.54

Here are experts' equity calls for the day on how the market is expected to trade:

Jyotivardhan Jaipuria, Bank of America Merrill Lynch: RBI's recent measures could lead to a market correction. The Sensex could correct to around 19,000 as growth continues to disappoint. We are also cutting our FY14 GDP growth from 5.5 percent to 5.3 percent. Given this environment, our top picks are Lupin , Hero Motocorp and Idea Cellular .

Laurence Balanco, CLSA: With the technical damage done to the bank sector over the past 2 weeks, it looks highly unlikely that the Nifty can make a suitable break above the 6,100-6,200 resistance area in the coming weeks. We expect a reversal and a break below 5,500 would be a bearish sign suggesting further downside risk to the 4700-4500 area.



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