At any declines, buy aggressively, maybe around 9050-9030 zone. Till then the approach should be stock specific in the market, said Mitessh Thakkar.
In an interview to CNBC-TV18's Reema Tendulkar and Sumaira Abidi, Dilip Bhat, Joint MD at Prabhudas Lilladher shared his readings and outlook on market and specific stocks.
HDFC Bank remains a stock that should be in every investor's core portfolio, said Dilip Bhat, Prabhudas Lilladher.
According to Dilip Bhat of Prabhudas Lilladher, one may hold HDFC Bank for 12-18 moths.
Dilip Bhat of Prabhudas Lilladher is of the view that one may buy Tata Motors on dips.
Dilip Bhat of Prabhudas Lilladher is positive on the pharma sector largely because of the growth factor and because of the profitabilities.
With IndusInd Bank reporting a decent set of numbers for the third quarter, most experts are upbeat on the stock. According to Dilip Bhat of Prabhudas Liladher the stock remains a top pick for them and says it is a must for every portfolio.
Speaking to CNBC-TV18 Dilip Bhat, Joint MD, Prabhudas Lilladher said that he expects some kind of a pre-Budget rally. This rally will largely pin its hopes on PM assuaging sentiments in terms of taxes. “I think a talk on those lines will help sentiments."
According to Dilip Bhat of Prabhudas Lilladher, one may prefer TCS, Infosys, Tech Mahindra and Hexaware Technologies from the IT space.
Dilip Bhat of Prabhudas Lilladher is of the view that one can go long in Asian Paints at around Rs 800-825.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that State Bank of India is the best pick from the PSU banking space.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that one may prefer SBI, Britannia Industries, Reliance Capital and Thyrocare.
Watch the interview of Mitesh Thacker miteshthacker.com, Ambareesh Baliga Market Expert, Prakash Gaba prakashgaba.com and Dilip Bhat Joint MD Prabhudas Lilladher with Sonia Shenoy and Anuj Singhal on CNBC-TV18, in which they shared their reading and outlook on Indian stock markets and specific stocks.
Caution still remains the watchword for next fortnight or so and one should wait for the US presidential to get over before making fresh commitment to market, said Dilip Bhat, Joint MD, Prabhudas Lilladher.
Dilip Bhat of Prabhudas Lilladher recommends investing in Dewan Housing Finance with a view of 12-15 months.
The level of 8000 on the Nifty is a very strong support and it is unlikely that it will go below that, says Dilip Bhat, Joint MD, Prabhudas Lilladher.
India is in a bull market despite some dips. Underlying factors, in medium-term, are positive with monsoon playing out well and government initiatives, says Nirmal Jain, Chairman of IIFL.
Dilip Bhat says India still looks like an attractive market to invest in. But he says making any short-term calls seems risky.
Dilip Bhat says that a combination of recent reforms like the Mauritius Treaty, P-Note amendment and a possible US Fed rate hike in June have been overwhelming for the market in the short term.
With good monsoon likely and pick-up in orders in the infrastructure space, fair amount of optimism will seep into the market by December and that should boost sentiment in the first quarter of calendar 2017, feels Dilip Bhat, Joint MD at Prabhudas Lilladher.
From the upcoming budget, he expects to know how the government is going to revive the current investment climate. He believes that if the road and infra are given a boost, it would bring a huge multiplier impact.
Watch the interview of SP Tulsian of sptulsian.com, Prakash Diwan of prakashdiwan.in, Dilip Bhat, Joint MD of Prabhudas Lilladher and Sudarshan Sukhani s2analytics.com with Anuj Singhal and Sonia Shenoy on CNBC-TV18, in which they shared their readings and outlook on Indian market and specific stocks.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that one may look at Aurobindo Pharma and Reliance Infra.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that one can buy TCS and Infosys for long term.
Watch the interview of Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com, Anand Tandon a Market Expert and Dilip Bhat, Joint MD at Prabhudas Lilladher with Anuj Singhal and Sonia Shenoy on CNBC-TV18.