Expect market to be range bound, conducive for stock picking: Nitin Raheja, AQF Advisors

In a chat with ET Now, Nitin Raheja, CIO, AQF Advisors, shares his outlook for the market. Excerpts:

ET Now: The RBI credit policy is out of the way but two events are F&O expiry and the outcome of FOMC meeting are coming up. What effect will they have on the market?

Nitin Raheja: The market is performing similar to its performance last year, which is bottom up and it is going to be a market for stock pickers. So, the strategy has to be focussed and bottom up.

If the market corrects, like in the last few days, it will be wise to get into some of those stocks which have run up or have corrected in line with broader sentiment.
But, by and large, it is going to be a market which is going to be a slightly range bound, not going anywhere. Overall, the mood at least in the run-up till the elections is going to be a little more buoyant and conducive for stock picking.