Nifty could go up to 5200 in 6 weeks: Sandeep Singhal

In a chat with ET Now, Sandeep Singhal, Co-Head Institutional Equity Derivatives, Emkay Global Financial Services shares his overview on markets.

ET Now: What could be the extent of the trading bounce?

Sandeep Singhal: We would go back to about 5150-5200 level and the expectation is that we will not fall below 4700-4800 range. So, it maybe like Friday’s low or close could be a sacrosanct low. In about 6 week’s odd time, we could go to about 5200 that would be about 8% gains in index.