Falguni Nayar, MD at Kotak Mahindra Capital says that the overall market has corrected a lot and there could be further downside from here, however valuations still seem quite attractive and they are only going to become better.
Technical Analyst, Ashwani Gujral feels that for Nifty the 4,527 is crucial. He adds, "Markets are probably heading for a 50% correction and the level for the Nifty could be around 3,626 and around say about 12,000 on the Sensex."
Excerpts from CNBC-TV18's interview with Falguni Nayar and Ashwani Gujral:
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