Varun Goel of Motilal Oswal AMC prefers to carry on buying into quality stocks with focus on earnings growth, while Ashwani Gujral of ashwanigujral.com says only 50 percent of the likely correction is through.
In an interview with CNBC-TV18, Varun Goel of Motilal Oswal AMC said that there is some nervousness due to the condition in Europe and outcome of the US Presidential election.
Market expert, Jai Bala of Cashthechaos.com believes that Nifty is undergoing a short-term healthy correction.
Technical expert Sudarshan Sukhani of s2analytics.com in an interview to CNBC-TV18 said it is very important to now focus on the midcaps because even if the market keeps moving up, it will be a slow rally
Nifty on Thursday may go down for a correction, though not below 8000, Sudarshan Sukhani told CNBC-TV18.
Market expert, Sudarshan Sukhani says that the index can go anywhere from this point and there is no trade in the Nifty index until the 7800 mark is breached or 7950 is taken on the upside.
Varun Goel of Motilal Oswal AMC prefers private sector banks over public sector banks.
In Friday's trade, the Sensex ended up 94.65 points at 24717.99, and the Nifty was up 24.05 points at 7510.20.
Tirthankar Patnaik of Mizuho Bank says the pain is much more global. But many of the stocks after a significant fall do look attractive and that makes one believe that it is a great buying opportunity, he says. But one must not forget that global issues, the genesis of this crisis, are still very much present, he told CNBC-TV18
The Nifty is likely to consolidate around 7225 level if the market undertone continues to remain weak, believes Jai Bala of 1857 Advisors. Bala advises that current market conditions are apt for good bargain buying in some stocks.
Varun Goel of Motilal Oswal Asset Management is bullish on food processing space.
According to Varun Goel of Motilal Oswal Asset Management, one may stay away from real estate sector.
Watch the interview of SP Tulsian of sptulsian.com, Prakash Gaba of prakashgaba.com, Mithil Pradhan of Violet Arc Global, Parag Thakkar of HDFC Securities and Varun Goel of Motilal Oswal with Anuj Singhal and Sonia Shenoy on CNBC-TV18, in which they share their readings and outlook on specific stocks and sectors.
Varun Goel of Karvy Private Wealth explains, in an estimate of the market for 2013, explains that he expects the market to perform better in the New Year than 2012. Goel picks PSU banks and the auto sector as the top outperformers for 2013.
In an interview to CNBC-TV18, Varun Goel, Karvy Stock Broking says in the short-term, the market continues to be determined by the resolution of the Parliament session. "In the short-term, the market is going to largely reflect the movement there," he adds.
Varun Goel is bullish on private sector banking names, pharmaceutical companies and FMCG companies on the back of better second quarter earnings.
The Indian market has been very volatile over the last few sessions. Varun Goel, Karvy Private Wealth is looking at a 21,500 target for the Sensex by March. "We believe there is still upside in the market. I think the macros are going to improve going forward."
Varun Goel, Karvy Private Wealth is upbeat on private banking.
Varun Goel, Karvy Private Wealth is of the view that one should avoid cement stocks.
According to Varun Goel of Karvy Private Wealth, the future of the rally is dependent on further action by central banks, be it the US Fed, ECB or even the Reserve Bank of India.
Varun Goel of Karvy Private Wealth feels the market strength witnessed in the last couple of weeks has been essentially triggered by global cues.
IT sector may be a market performer from these levels, says Varun Goel, Head - PMS, Karvy Private Wealth.
Varun Goel, Head - PMS, Karvy Private Wealth is positive on auto space.
Varun Goel, Head - PMS, Karvy Private Wealth is cautious on two wheeler segment.
Varun Goel, Head - PMS, Karvy Private Wealth advice traders to stay away from gas space.