Stay invested in right kind of stocks: Neeraj Deewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities, shares his views on market rally.

ET Now: Stepping into the election week at fresh record highs of 6860-6870 odd, how would that alter or change your view on what the market can do when the actual announcement does come by when the result is actually out?

Neeraj Deewan: Till things go wrong or till you get adverse verdict of the election, we like to stay positioned positively in the market. Like I will reiterate again this is more for people who are investing in the market.

So if you are invested in the market, it is telling that you have seen a decent breakout in the market. Market is getting ready for a favourable verdict which can be a stronger verdict stronger than what people were expecting last week or 10 days.

Last 10 days and this is telling us that one needs to position themselves in the stocks where you feel you can have a long term positive reaction once you have a stronger government.

So you can get some reaction in the market. Even after you have a strong verdict, you can get a 10% correction in the market, nothing can stop it based on global issues, based on monsoon or whatever reason can come but that can be another opportunity to get into the market.

So if one is invested in right kind of stock, if you think operationally, they are doing well and they will get a kicker with economy doing little better with reforms being announced, then you should stay invested.