Traders should act post Budget speech; buy selectively into midcaps: Experts

Ahead of the bid day Budget 2018, the market saw huge swings and ended marginally in the red. The Sensex slipped below the 36000 mark.

Ashwani Gujral of ashwanigujral.com says the right way for traders to approach the market is that as soon as the finance minister ends his Budget speech is time to act because during the announcement one gets an idea if there has been market moving rally announcement.

According to Mehraboon J Irani, MD & CEO, Gini Gems Consultants, one can still selectively buy into value midcaps. If the market is going to be higher than where we currently are then present fall in midcaps offer an opportunity, says Mehraboon. With regards to private banks, Kotak Mahindra Bank, IndusInd Bank and HDFC Bank remain core stocks as far as holding of clients is concerned, and Kotak Mah Bank offers best short-term opportunity.

Other fundamental and technical experts SP Tulsian, Ambareesh Baliga and Mitessh Thakkar shared their views on stocks that reported numbers like PVR, Dabur and other FMCG stocks, private sector banks that moved higher, tile stocks