Look at banking stocks, says Ratnesh Kumar

Ratnesh Kumar, Independent Market Expert told CNBC-TV18, "It would always be very difficult to predict the exact bottom. We could get the market drifting lower over the next month or two but within that context of which I think the areas to focus on will be areas where eventually when the market recovery and the economic recovery begins to be more visible then which are the areas which will benefit first from the market and within that banking sector will be front and centre of it.""In the last week it has taken a big knock, so gradually quality names can be accumulated with a clear viewpoint in the short-term, in the overall market drift down they can get lower, so the investments can be spread put, phased put to average out the price," he added.