It is possible to Nifty to go back to 4700: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com in a chat with ET Now share his views about market outlook. ET Now: What is on your watch list for rest of the day?

Vijay Bhambwani: I would basically look at markets going down. If at all there are up ticks, they would more be due to short covering rather than any fresh buying. I expect the markets to close down across the board.

ET Now: Do you expect Nifty to go back to 4700 in the month of December?

Vijay Bhambwani: Yes, it is possible for the month of December.

ET Now: What could challenge your conviction?

Vijay Bhambwani: I am not really convinced about the up move anyway. So I do not need too much conviction to short Nifty on advances.