It's a dicey market, experts say look before you leap

Moneycontrol Bureau

It's been a tough day for the market that struggled to keep itself above the 5,300 mark. The Nifty ground lower and lower to shut shop at 5,339 losing 45 points. The Sensex was too in the red down 169 points closing at 17,583.
Dipan Mehta, Member BSE and NSE suggests that it is best to remain a little bit light on the market at this point of time.
"One should be slightly underweight on equities, even position should be on a lighter side and may be one could square up quickly and just wait for positive outcome. Best strategy is to just wait and watch and then take a view after all the news flow is over and done with," he explains.
Ritu Arora, Director Investments (Chief Investment Officer), Canara HSBC Oriental Bank of Commerce Life Insurance Company experts the market to be sideways in March.
"I don