Worst seems to be over, market likely to resume its upward journey: Expert

Dilip Bhat, Joint MD, Prabhudas Lilladher says the worst seems to be behind us and market could move sideways for some time. And resumption of upward move could be backed by frontline stories and some midcaps.

He is of the view that the market could resume its upward momentum and so overall is positive on market.

Ashwani Gujral of ashwanigujral.com says this is a ranging market and if range has to continue then it will find a cause to bounce back from 10340-10350 and head up. However, this process could take 3-5 sessions after which market could give some direction.

Today no particular sector showed any leadership, which is not very comforting feeling, said Gujral.

Other experts Mitessh Thakkar of mitesshthakkar.com and Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance along with Bhat and Gujral also shared their view on market and specific stocks.