Here's what experts make of Q3 earnings so far

Hindustan Unilever (HUL) tanked more than 5 percent Monday after topline missed forecast, which was estimated at Rs 7,963 crore, according to the average of estimates of analysts polled by CNBC-TV18.

According to independent market expert Ambareesh Baliga, there is a further possibility of a correction in the stock (HUL). The business sentiment is high and the macros are improving but unless government starts spending, it will take some time for the investment cycle to really pick up.

In a discussion on CNBC-TV18, Sudarshan Sukhani of s2analytics says 8550 is a resistance level for the Nifty now but it is best to be on the long side. He suggests buying non-banking stocks that have remain subdued like Maruti Suzuki. He is now bearish on technology stocks as the sector witnessed huge rally last week. 

Going ahead, experts have mixed view on Kotak Mahindra Bank which will be reporting its Q3 earnings tomorrow. Baliga is bullish on private banks including Kotak on the back of merger with ING Vysya. However, Sukhani does not recommend buying the stock give it has rallied too much and is now consolidating. He prefers ICICI Bank in the private banking space.