Ajay Srivastava of Dimensions Consulting says that the markets are getting into a demand-supply situation. He says that the main line prices have run up and people are seeing less interest there.
Srivastava confirms that he is still very bullish on the market. While he does expect a few corrections to come in, on the trajectory front he is much more bullish than he was even four months back.
He adds that this bullish trend is to continue to the run up of the budget next year. Srivastava says that the Indian big buck bear is FII investment. "If we see 3-4 consistent days of FII negativity, we will some more people jumping out of the plane in midair," he says anecdotally.
He further cautions investors by saying, "If you want to buy today, please hold on till the budget atleast; the market is an airpocket- don't just take your parachute jump out of the plane, stay there till the budget, you will see the price coming back."
He believes that with oil prices under control and interest not a worrisome factor, FII flows is the only factor psychologically impacting the market, more than the demand-supply situation.For more information about trading and markets log on to www.moneycontrol.com
