Wait for dips and buy in a staggered manner: Angel Broking

Markets ended flat today with the Nifty closing below the 8650 mark at 8636. While many large-caps witnessed profit-booking, mid-caps continued to outperform. The valuations in mid-caps are not very comforting, says P Phani Sekhar, Fund Manager - PMS, Karvy Stock Broking. He recommends being cautious when investing in this space, but also suggests housing non-banking financial company NBFCs from this space as he feels their valuations may be less skewed.Mayuresh Joshi, Fund Manager - PMS at Angel Broking, recommends waiting for dips and buying in a staggered manner. He warns that one needs to be extremely stock-selective at this point of time. Watch video for more....