100-150 point Nifty dip would be buying opportunity: Nirmal Bang

The correction running in the Indian equity markets currently is what value investors should be looking out for, according to Mehraboon Irani of Nirmal Bang Securities."Another 100-150 points dips will be a great buying opportunity for all the value investors," he told CNBC-TV18.The market Friday closed lower on profit booking. The Sensex was down 248.03 points at 28797.25, and the Nifty slipped 85.80 points at 8866.70. According to Varun Goyal of Motilal Oswal, this is a good time to build a longer term equity portfolio. He believes this year so far has had good earnings recovery. Talking on sectors, he said housing finance sector, auto ancillaries and agro chemicals will do well going forward. The consumer durable will be a beneficiary of the 7th Pay Commission and Kharif harvest will add to the pockets of rural and urban India, he said. Meanwhile, Ashwani Gujral, Mitesh Thacker and SP Tulsian also gave their trading ideas for the next weekend.Watch video for more.