Look at infra, capital goods, private banks: Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "I have been topping up on the infrastructure space which is what I see moving in the next six to eight months. Infrastructure, private sector banks and capital goods are the sectors which I have been buying. The ones which have done extremely well for example pharma, I am not buying anything fresh, I am just holding on to that."

"IT space overall for the next couple of months could be an ignore. However, at the same time one should wait for PSU banking space for at least the next two quarters. Among the others, power sector is what I have been buying for the last couple of months. NTPC has been my top pick. I have been buying it since it was about Rs 125-130 and that has done decently well," he said.