Ambareesh Baliga, Independent Market Expert is of the view that UltraTech Cement, Asian Paints, Whirlpool and GMR Infra are good bets.
Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "I won’t buy anything right now because you will have lot of retail investors coming in to buy now just because they have seen 9700 levels. From there it has corrected reasonably well, so people may get in. However all these people will disappear once you have markets possibly falling another 200-300 points more from here. I think the best time to buy is when you sense some sort of a panic in the market and I think that is still some time away. I expect that to happen sometime in July when we see another sort of disruption because of GST, I think that is the time one should actually venture out and start buying."
"The sectors which I would be looking for is cement, consumer discretionary and infrastructure. Infrastructure is one space where I expect the sector to do well at least for the foreseeable next 2-3 years."
"In cement, I am looking at UltraTech Cement which has fallen decently well. Even today it is down but then I think I would possibly look at levels of closer to about Rs 3500-3600 and Ambuja Cements closer to about Rs 225 levels," he said.
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