Nifty recovers on expiry day but experts not convinced correction over yet

Market today saw a sharp recovery with the Nifty closing above 9750 and Sensex rebounding to gain 120-point.

Sharp gain in the last hour of trade helped the market post gains. The Sensex closed up 122.67 points or 0.39% at 31282.48, while the Nifty ended higher by 33.20 points or 0.34% at 9768.95.

However, Ashwani Gujral of ashwanigujral.com is not yet convinced that the correction is over yet.

Mitessh Thakkar mitesshthakkar.com says nothing much has changed and we may hold on to 9700 for few days and range in between 9700 to 9850.

Mehraboon Irani MD & CEO Gini Gems Consultants is of the belief that the market has not topped out. Markets can rebound, and so would continue to buy stocks where growth is expected to come. He is upbeat on the digital story. One can also be selective and go and buy cement stocks, select infrastructure companies like IRB Infra, Man Infra.

In the same interview Prakash Diwan Altamount Capital Management, S P Tulsian sptulsian.com and Yogesh Mehta, VP-Equity Advisory MOSL also shared their stock specific views.

For the entire discussion, watch video