Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, believes that the market may experience some consolidation and caution is needed in stock picking. The Nifty is still at a reasonable valuation, but midcap and smallcap indices are quite high. Chadha recommends a balanced asset allocation and highlights opportunities in the power sector, transmission names, home improvement, and cement industry. He also discusses his views on Jio Financial and the primary market, including the pharma sector and Tata Technology. Additionally, Chadha emphasizes the changing business models in the hotel industry.