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Budget 2018
Last Updated : Jan 23, 2018 07:40 PM IST | Source: CNBC-TV18

Stick with market leaders; current momentum may not continue forever: Pros

Ashwani Gujral says even if the Budget is not expected lines, it is unlikely to disturb the market momentum.

CNBC TV18 @moneycontrolcom

The bulls are relentlessly charging ahead and the market is scaling new highs. The Sensex was up 341.97-points or 0.96% at 36139.98, while the Nifty is up 117.50 points or 1.07% at 11083.70.

Market expert Anand Tandan says the current year earnings growth is likely to be driven by metals and so if one believes that market will continue to go up then it makes sense to participate in the metal rally. It is better to stick to market leaders.

As a word of caution, Ashwani Gujral of ashwanigujral.com says this kind of strong momentum cannot continue forever. The best strategy is, since we do not know the high, keep selling 10 percent of your portfolio each time there is a 100-point move above 11,000. If that is done, then by the time it is 11,500, one will be out of half of the portfolio and that becomes a cash. So in case there is an accident (correction), there is cash to deploy. Do not be complacent, says Gujral.

Gujral says even if the Budget 2018 is not expected  lines, it is unlikely to disturb the market momentum.

Technical and fundamental experts like SP Tulsian of sptulsian.com, Prakash Gaba prakashgaba.com and Prasanth Prabhakaran Sr President & CEO YES Securities shared their views on stocks that reported earnings and others.

India Union Budget 2018: What does Finance Minister Arun Jaitley have up his sleeve? Click here for live Budget 2018 news, views and analyses.
First Published on Jan 23, 2018 05:06 pm
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