Expert stock/sector picks in these markets

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS Nifty closes with modest gain ahead of expiry; BPCL up 6.9% ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

Rahul Mohindar of viratechindia.com sees the Nifty heading to 5,250-5,300 if 5,140 gets cleared. He is bullish on the banking space.

However, Manish Kumar, CIO, ICICI Prudential, expects the markets to trade rangebound till the year-end. He advises investors to invest in businesses where there is visibility of sustained earnings growth and won't be impacted in the event of any liquidity withdrawal. "One should look at domestic plays rather than export-oriented plays more decisively."

Pramod Gubbi, Director Sales, Noble Group, NSE, is bullish on Patni Computers, On Mobile, Edelweiss, and Pantaloon. "We are looking at a few stocks which have underperformed in the recent rally, particularly the likes of Pantaloon, On Mobile, Patni Computers, and Edelweiss that are trading at a discount and have underperformed. These are the few stocks which one can play. They are backed by good management teams and one can play in the interim when it is going to be a tricky market play."

Here is a verbatim transcript of the exclusive interview with Manish Kumar, Pramod Gubbi, and Rahul Mohindar on CNBC-TV18. Also see the accompanying video.

Q: How have you read today's trade and would you still keep on holding your longs on the Nifty?

Mohindar: I would have honestly expected a whole lot more volatility. 5,140 was a broad target that we had for an intraday trader. We hit that level and we are getting some resistance at that spot. But once we clear this 5,140 area out, it could well be a situation where we are heading even to about 5,250 or 5,300.

So, shorter term and medium term trends still points to trading the upside trajectory. My sense is that I won't read into today's session too much. There have not been too thick volumes and price action happenin. But yes stock specifically certainly there are a lot of ideas. Sectorally, I think banking is an interesting space to be watching into.

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