Along with the market, banks too will find it difficult to breakout because of this political uncertainty. Similarly, other cyclicals like capital goods may not fall too much but may not rise either says Sangeeta Purushottam, Cogito Advisors.
Sangeeta Purushottam, Founder and Managing Partner at Cogito Advisors prefers Tata Motors.
Sangeeta Purushottam, Founder and Managing Partner at Cogito Advisors is of the view that one may buy NTPC at current level.
According to her, the market will consolidate but the election results has provided a higher floor to the market. She does not expect it to fall dramatically but trade in a range.
Sangeeta Purushottam advises investors to look for companies which have decent earnings growth, stay with the very bottom up kind of approach and may be nibble in some of the really beaten down cyclicals and be ready to hold them for two-three years.
Sangeeta Purushottam, Founder and Managing Partner at Cogito Advisors is of the view that one may buy metal stocks on weakness because they have rallied 25-30 percent from lower levels.