The Indian market is likely to remain choppy ahead of the F&O expiry, says Sudarshan Sukhani of s2analytics.com. Infact, today's choppiness might be an indicator that it has already begun, he adds.
In the February series, he sees continued correction or consolidation, but it may be a lot less volatile than the January series. He believes the Nifty can touch 9000, but not overshoot the mark.
Echoing similar sentiments, Parag Thakkar of HDFC Securities says most of the pre-Budget rally is already done with. He believes it to be a bottom up market. "Within the same space there are winners and losers," he adds.
Thakkar is bullish on stocks such as Axis Bank, Kotak Mahindra Bank, Brigade Enterprises, Kolte Patil Developers, KPIT Technologies and Cholamandalam Investment, among others.
Sukhani believes IT majors such as Tech Mahindra and Wipro provide good short-term opportunities. According to him, pharma and IT sector will be winners for the next week.
Disclaimer:Sudarshan Sukhani: My family & I do not have positions in the stocks discussed
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