Expect Nifty to bottom out pre-RBI policy: Sabharwal

The recent volatility in the market notwithstanding, Sandip Sabharwal of ask-sandip-sabharwal.com sees the Nifty bottoming out pre-Reserve Bank policy on June 2. He expects Nifty to bottom out at around 7800-7900.

Otherwise 8000-odd level could be the bottom of the market. Keeping this in mind, he advises investors to buy stocks that they like now.

He is surprised by the domestic support that is coming through despite FII selling and volatility. It proves that domestic fund flow is strong, he adds.

Moving on to stocks, he believes Jain Irrigation is on the verge of a turnaround, and sees restructuring ahead.