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, Cogito Advisors believes the Nifty is not a secular market but more of a trading one and says the psychological 6k level is likely to be seen.
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.
According to Sangeeta Purushottam, Professional Investor, HCL Technologies and Tata Consultancy Services (TCS) are looking safe in the IT space.
The conviction to go out and invest in cyclicals are still missing and in such circumstance, investors choice has been limited to steeply-valued FMCG stocks, says Sangeeta Purushottam.
Sangeeta Purushottam, Professional Investor says the rupee has depreciated and the overall prognosis on the rupee is still fairly subdued or negative, which is really supporting IT stocks.
Market will be volatile due to the narrowness in the breadth, says professional investor Sangeeta Purushottam. She told CNBC-TV18 that the earnings of companies will take a hit with the recent rupee's fall.
Sangeeta Purushottam, Professional Investor feels largecap IT stocks are still safer. She says she would buy IT primarily as a hedge against the rupee.
According to Sangeeta Purushottam, Professional Investor, the growth outlook in pharmaceutical space is better than IT.
According to Sangeeta Purushottam, Professional Investor, the telecom sector is looking interesting for long-term investors.
Professional investor Sangeeta Purushottam feels Jet Airways is likely to go through a period of consolidation after the deal gets done.
Professional investor Sangeeta Purushottam expects four wheeler companies to do better.
Professional investor Sangeeta Purushottam suggests market participants to be cautious as the market is likely to be volatile this year. Global liquidity risk and domestic political risks are likely to prevent the market from a runaway rally, she said
One can add Reliance Industries and Oil and Natural Gas Corporation (ONGC) at lower levels, says Sangeeta Purushottam, Professional Investor.
There is a possibility of the market heading towards a breakdown again, cautions professional investor Sangeeta Purushottam.
Sangeeta Purushottam, Professional Investor is remains skeptical on metals for a while.
Professional investor Sangeeta Purushottam says that the market that has become increasingly dependent on liquidity will not be able to offer high returns due to uncertainities in the state elections.
Professional investor Sangeeta Purushottam estimates, on CNBC-TV18, that the market will consolidate and adds that the record amount of inflows and the absorption of the offers-for-sale from the government are very encouraging signs.
Sangeeta Purushottam, Professional Investor feels that there could be more upside in Tata Motors.
Invest in telecom sector, says Sangeeta Purushottam, Professional Investor. The sector is bottoming out, so over the next one-two years it could be a potential outperformer.
Professional investor Sangeeta Purushottam explains to CNBC-TV18 that retail investors should refrain from trying to choose the right time to enter the market and cherry-pick stocks, in the event of a market sell-off from protracted delay in the fiscal cliff negotiations, that are likely to do well when the market recovers.