In an interview with CNBC-TV18, P Phani Sekhar said the market may be gearing itself up for a pre-Budget rally and may not only re-test all time highs but may also go past them.
According to Dipan Mehta, the market could be witnessing some selling pressure from foreign institutional investors and maybe some domestic investors booking profit. Ajay Bagga feels Budget could be the next trigger for the market.
In the February series, Sudarshan Sukhani of s2analytics.com sees continued correction or consolidation, but it may be a lot less volatile than the January series. He believes the Nifty can touch 9000, but not overshoot the mark.
Sudarshan Sukhani of s2analytics.com is not worried about the market correction, says he would wait patiently for the market itself to give a direction going forward. He says, this is a bull market and we will have deep corrections o nthe way.
Discussing the current trend and future outlook, Ajay Srivastava, CEO, Dimensions Consulting, said though there is lot of comfort on liquidity side, trouble lies on the fundamental side of Indian economy.
The pre-Budget rally continues to shape up nicely, says Udayan Mukherjee, managing editor, CNBC-TV18. “The Nifty added another 70 points to close above 5,400 as global markets remain buoyant,” he adds.