Market could sustain to 5,750-5,800 levels: Prakash Diwan, Altamount Capital Management

In a chat with ET Now, Prakash Diwan, Director, Altamount Capital Management, shares his views on the market:

ET Now: What do you advice investors to do—take profits off the table, sell off some key stocks which have gained a bit or stay long?

Prakash Diwan: Actually, all of it. Not that there is too much of activity that preceded this pullback of sorts. Given the kind of lack of confidence in the market, this seems like a pleasant pullback and a change of the scenario.

For investors, who were quizzing us on what next to do, there is value in stocks that we have all the time identifying. That would continue, as the market seems to be in a momentum that is not just driven by sentiment, but by liquidity inflows that we have seen in last couple of sessions. The nature of that flow indicates it could sustain all the way to 5,750-5,800 levels.