Prudent to book profits; mkt rally unlikely: Experts

With both the Indian Equity benchmark trading soft on Monday, market expert, Ambareesh Baliga says the sentiment is positive but people are not yet buying.Sudarshan Sukhani of s2analytics.com says it is difficult to predict the market move and does not think market will see a rally. It is very choppy and not the time to buy anything, he adds."At the moment market is not appealing for short-term and will look at sectors like IT, Pharma, banks only when the market becomes a buy," says Sudarshan.Baliga feels it is always prudent to book out of investments for traders when the market has moved up but positional traders or long-term investors can get into financials like Axis Bank on declines.Mayuresh Joshi of Angle Broking is also very bullish on Axis Bank, which has been their top pick but advices one to wait for declines on financials to enter them again. Baliga is not at all bullish on IT, pharma and FMCG and is booking out of them and getting into power and infrastructure space which is the real India story of tomorrow. From the power space he is bullish on NTPC and from infra on GMR, Larsen and Toubro and GVK. Although L&T has already moved up.Unlike Ambareesh, Sukhani would not buy into power and infra. According to him when the market goes up again, the sectors that performed earlier like IT, Pharma, banks would be the once to look at. Sukhani said he would be shorting metals and steel.Speaking about their views on IT sector, Baliga says HCL Tech can still move up and also Tech Mahindra. Joshi too agrees with Baliga and says risk reward is in favour of HCL Tech and has a target price of Rs 1960 on the stock. According to him Infosys also presents a opportunity for long-term investors.Sukahni's IT pecking order is Infosys, Tech Mahindra, then TCS and HCL Tech together and last would be Wipro.for the entire discussion watch video