In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his views on the fundamentals of the market, stocks and sectors.

Share Market Live

NSE

Speaking about the market, Tulsian said: “The confidence shaken is seen from the profit booking where we have been seeing the selling coming in whether you talk of Reliance Industries or talk of any other stocks which have risen. Kotak Mahindra Bank and HDFC twins are holding, but rest all are seeing profit booking. So, probably there is a confidence crisis.”

He added: "People are not willing to buy because of the fear that you cannot take a call till what level the stocks can correct. The old theory of buying them at lower levels seems to have got vitiated because you cannot define what are the support level or what are the lower levels."

Talking about specific stocks, he said: “It all depends on the sector in which you take a call or maybe the promoters, the companies in which you are taking a position. In the morning I had said that the 34 stocks which are going out from the F&O next week, probably some of them may find value. Stocks like Ceat, Can Fin Homes, Godfrey Phillips, and V-Guard can be looked into.”

Disclaimer:

The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.