“The markets would consolidate and stock specific action would continue. I advise caution while investing at current levels and with trading tight stop losses.”
“In the near term Budget would be the key to the direction of the market. As long as the Nifty does not close below 3000 levels, the bullish trend technically is intact.”
“Near term direction will be determined by flows from Mutual Funds and corporate results. I expect stock specific activity to continue. Use declines to buy this market as we are in a structural bull run.”