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Sanjay Sinha of Citrus Advisors is cautious on the metal space. including Tata Steel. "There could be some range bound movement, but we will not see a very substantial move in metals pack as a whole and in Tata Steel in particular," he adds.
Sanjay Sinha of Citrus Advisors is cautious on banking space. "If I have to make choices then I would surely pick the private sector banks over PSU banks," he adds.
The the fact that Foreign Institutional Investors (FIIs) have not sold off far too many equities in August are giving experts reasons to be ontimistic on the Indian equity market.
Once tapering of QE starts money will start moving from emerging markets to markets. So, in the near-term, the Nifty can hit sub 5500 levels, says Sanjay Sinha, founder, Citrus Advisors.
He believes in the next 3-6 months, market will become a little more expensive from where it is standing today and this may actually take it to levels that maybe closer to the previous high.
"If the Budget does end up surprising the market positively, then we should see some more steam in this rally. Otherwise, we are in for some correction or consolidation," adds Sinha in an interview to CNBC-TV18.