Nifty may form base at 7225 if mkt stays weak: Jai Bala

The Nifty is likely to consolidate around 7225 level if the market undertone continues to remain weak, believes Jai Bala of 1857 Advisors. Bala advises that current market conditions are apt for good bargain buying in some stocks.

Varun Goel of Motilal Oswal Asset Management believes that there are always some stocks that remain relatively unaffected by global developments and that they have identified potentially good investments that are expected to deliver over 20 percent earnings growth.

Goel is cautious on banks but believes within the financing space, retail financers like auto and commercial vehicle financiers are good bets.

Deepak Shenoy of Capitalmind.in is of the opinion that the trouble with our market is poor corporate earnings performance in the recent past, which is leading to fund outflows. He advises caution as he believes that if earnings this quarter come out lower than expectation then fund outflows could worsen.