Don't form longs now; buy Madhucon, Garware : Experts

Any news of a Greece bailout or any development on that front does not merit any excitement in the Indian equity market, says Siddharth Bhamre of Angel Broking. Bhamre believes the Nifty has a good resistance at 8450- 8550, but if it is breached, once could see a 150 point bounceback. However, he say investors should avoid building aggressive long positions. In an interview to CNBC-TV18, Bhamre and Prakash Diwan of Altamount Capital Management, share their views on the market and select stocks.

Here are Diwan's stock views:  Madhucon ProjectsThe stock has gained 103 percent in 2015 and 81 percent in a year. The company is involved in infra projects and its buisiness involves construction of highways, flyovers, dams and tunnels. Diwan believes the company's expertise in EPC projects is rich and believes its railway projects are very impressive.

Garware Wall Ropes

Diwan is also bullish on this rope company that has risen 17 percent in 2015 and 143 percent in a year. The company provides solutions in deep sea fishing, aquaculture and is also into shipping, infra & defence transportation.