The Indian equity market is in a trading range and although it could see a pop-up, it remains a difficult market to trade.

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“For the moment, this market belongs to the bears”, said Udayan Mukerjee, Consulting Editor, CNBC-TV18.

He also said that the global markets will not do very well this year.

When asked how should one approach the market from a long-term investor point of view, he said, "It will have to be a two-pronged strategy – If one is an investor who wants to preserve capital in the interim and does not want to underperform too much, then focus on domestic quality and IT because the tone of the market is changing. It is now moving towards defensive positioning, where IT and high quality names will do well, while anything that is high beta will underperform."

"However, in the long-term, 2018 still remains a good pitch to be accumulating stocks. The two main points of accumulations are the 10,000 levels and 9700-9600 and then wait for 2019 to start making money."

For full discussion, watch video...

First Published:Mar 12, 2018 5:07 AM IST