Election results to give momentum to market: Nitin Raheja

In a chat with ET Now, Nitin Raheja, CIO, AQF Advisors, shares his views on market.

ET Now: The month of November has been a choppy and a sloppy month for Indian markets. Even though the index has done precious little, the market breadth is looking quite impressive, how should one invest in this kind of a market?

Nitin Raheja: The lack of absolute certain macro clues continues to remain a market where stock picking is at a premium and bottom up is the approach that you should be following and that is demonstrated by the market breadth and the fact that if you see the midcap index, it has been actually doing reasonably well as such. We have had a great October when the markets had a fair run up. So, what the market is probably looking for as the next cue is really the election results which might give it some sense of momentum although a lot of it has been already factored into the markets as such and there is a very little scope for disappointment. So, if the election results disappoint you could see the markets pulling back from hereon.