Won’t buy in the market at this point: APTART

Sandeep Wagle, founder & MD, APTART Technical Advisory Services, in a chat with ET Now says that he won’t buy in the market at this point.

Some stocks like Hindalco or an HDFC have done reasonably well over the last few sessions. Do you think anything looks fairly decent or looks really weak amongst the index stocks?

Not really. As I have been saying for the last two or three days, I am getting a feel that possibly the Budget would be a kind of a no event with the markets neither going up in a big way, neither falling in a big way.

Yes, some of the stocks are looking quite positive but the point is how much upside. They have already moved up. The metal pack has given a smart up move, the IT space has held on. So I would say some of them are looking okay. I will not buy at this point of time keeping in mind the Budget but I would wait for more clarity. That is a better way to put it.
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