The Indian market has already registered a 10 percent rally so far in the year 2017 and about 15 percent from the December low of 7,900.
In an interview to CNBC-TV18, Vineet Bhatnagar, MD of PhillipCapital said that there are several uncertainties over the government format.
Speaking to CNBC-TV18, Vineet Bhatnagar, MD of the company said that the larger thrust will be on future bottlenecks for the agriculture industry. Seed, fertilizer as well as irrigation are likely to be the focus areas.
Optimism for the Indian equity markets prevails given Nifty has crossed and sustained 8250 level convincingly over the last few session, says Vineet Bhatnagar, MD, PhillipCapital.Â
Vineet Bhatnagar, MD at PhillipCapital advises buying Mindtree, Persistent Systems and Firstsource Solutions.
Vineet Bhatnagar, MD at PhillipCapital is of the view that one may look at Mahindra CIE Automotive.
Vineet Bhatnagar of PhillipCapital says investors should use the current market weakness to buy stocks.
India will be at the forefront when a rebound happens, says Vineet Bhatnagar of Phillip Capital. He advises staying with safe havens IT and pharma stocks.
Vineet Bhatnagar, MD at Phillip Capital is of the view that Bank of Baroda is a valuation pick.
Vineet Bhatnagar - MD at Phillip Capital is of the view that one may keep Bank of India, Punjab National Bank and State Bank of India in the portfolio.
Vineet Bhatnagar - MD at Phillip Capital expects 10-15 percent upside in midcap pharma stocks including Glenmark Pharma, Divis Laboratories, Torrent Pharma and Cadila Healthcare.
Going ahead, Vineet Bhatnagar, managing director, Phillip Capital expects refinery, oil marketing companies and ONGC to show strong upward moves. He also sees another 10-15 percent upside in Glenmark, Torrent Pharma and Divis Lab.
Experts watching Tuesday's sudden rally say only pockets of market has caught the momentum which makes it difficult to take a call on the Nifty.
Nirmal Jain, Chairman of IIFL does not see Nifty breaching 7,950 - 8,000 levels, as investors are looking at every correction as an opportunity to buy.
According to Vineet Bhatnagar, MD at PhillipCapital, Tech Mahindra is a top pick.
According to Vineet Bhatnagar, MD at PhillipCapital, one may pick Maruti Suzuki, UltraTech Cement and Emami.
Bhatnagar is bullish on banking stocks like Lakshmi Vilas, Federal Bank and City Union in the short term
Vineet Bhatnagar, Managing Director at Phillipcapital is of the view that one may pick Tata Steel from the metal space.
Vineet Bhatnagar, Managing Director at Phillipcapital has a positive view on NBFC space.
Vineet Bhatnagar, Managing Director at Phillipcapital is of the view that NCC is the top pick from the construction space.
Vineet Bhatnagar, MD, PhillipCapital sees immediate resistance for the Nifty at 8180.
Vineet Bhatnagar, managing director of Phillip Capital is of the view that one may avoid real estate, infrastructure and power space.
Vineet Bhatnagar, MD, PhillipCap says the expected trading range for February series is between 5970 and 6300 level, which is very wide.
Vineet Bhatnagar, MD, PhillipCapital says the market may see some intraday recovery.
Vineet Bhatnagar, MD, PhillipCapital is of the view that Bank Nifty could also make higher highs given the fact that the broad based index is expected to move higher.