Nifty closed above the 9,000-mark for the first time today on the back of a a landslide BJP win in Uttar Pradesh state election. Going ahead the market may see a few dips, however, it will continue to trend upwards, said Ashwani Gujral of ashwanigujral.com.
He said investors should ideally hold on to their stocks and avoid profit-booking for now.
"As long as the Nifty holds above the 9,000 level, investors should keep a long call on the market," said Ashwani.
BJP's vistory in UP helped market close more than 1.5 percent higher today, with Nifty ending at 9,087 points and Sensex at 29,442 points.
On the F&O expiry this month, SP Tulsian of sptulsian.com said Nifty will gain at least 100 more points. He sees the next couple of weeks to be very positive for the market.
Although, Dilip Bhat of Prabhudas Lilladhar was of the opinion that the market's optimism has run a bit too far and the valuations are expensive. He said a consolidation of the market will make it healthy and may create fresh buying opportinities.
Sudip Bandopadhyay of Destimoney Securities said he is long-term positive on the housing finance space. The valuations seem expensive on the mid-caps, including the housing finance companies, they may continue to perform.
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