Valuations would become reasonable below 16K: Ambit Capital

Excerpts from Bazaar on CNBC-TV18 Watch the full show » 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 BSE | NSE 10/02/12

Here is expert equity call for the day on how the markets are expected to trade:

Andrew Holland, Ambit Capital: The markets had run up due to liquidity flows and we are seeing a reversal of that trend. We may see more risk being taken off the table if the fall continues. I would buy below 15000 on the Sensex as valuations would become reasonable.