Tuesday, September 27, 2011

Nifty May Bottom Out At 4600-4700: IL&FS - Vibhav Kapoor

In an interview with CNBC-TV18’s Mitali Mukherjee, Vibhav Kapoor, IL&FS said, there could be more more downside pressure on the market. “It is difficult to say how much it can fall further, although I would think that some positives are developing for India,” he added.

According to him, the Nifty should get a temporary bottom somewhere around 4,600 to 4,700 and some rally there onwards.