Increase exposure to good quality stocks: Dipan Mehta

In a chat with ET Now, Dipan Mehta, Member, BSE and NSE, shares his views on market environment.

ET Now: What is your call that you are taking on the index right now, it has been a bit volatile within that band of 7500 to 7650 do you think the market is again perhaps biding time before it makes its next move up?

Dipan Mehta: Yes, that seem to be so and a bit confusing to call the market at this point of time because although underlying we have a sense of bullishness but there are short term challenges in terms of Iraq and monsoon.

These could have a short term impact on the stock prices and may be you could see the markets consolidating or even correcting over the next few weeks or so.

Then again we have the budget which could act as a trigger for the markets to move up higher so it is a bit of a difficult call to make as regards the short term movement of the market.

Medium to long term still looks very interesting and intact and correction is what we have seen today and earlier in the session as well. A good opportunity is to increase exposure to good quality stocks.