Mkt rally due to short covering, better to stay cautious: Pros

Market experts believe the two-day rally in the market is largely due to short covering and there is no change in the fundamentals to make this a sustainable one.

Independent market expert, Ambareesh Baliga says, this is the kind of market where one can always expect the unexpected. It is better to have a strategy in place and keep switching between equity and debt to stay safe, he advises.

Neeraj Deewan also believes the recent market bounce-back is largely due to significant underperformance seen prior to the Budget.  Watch video for more...