Arindam Ghosh of Blackridge Capital Advisors believes that the current rally will continue extending for some more time but closer to the Budget, as news flows and data starts coming in, markets will get extremely sensitive and that's where market may see some kind of a big up move in the short term.
Benchmark indices on Thursday recovered previous day's losses supported by HDFC twins, auto and FMCG stocks with the Sensex gaining 102 points to close at 25576 and the Nifty advancing 23 points to close at 7650. But will this fantastic rally continue till Budget, or even after that or is it time to book profits?
Arindam Ghosh of Blackridge Capital Advisors believes that the current rally will continue extending for some more time but closer to the Budget, as news flows and data starts coming in, markets will get extremely sensitive and that's where market may see some kind of a big up move in the short term.
"Depending on how the Budget is and what kind of reforms and policy announcement are made, the market will take directions from there and there could again be some kind of a correction post Budget," Ghosh elaborates.
He further says that market will continue feeding in and out but overall trend medium to long term continues to remain extremely strong and positive.
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