|Market This Week
||Finally some correction last week. Little correction is expected this week as well post which the NIFTY will bounce back again. Remember that the market never moves linearly. It comes a step behind to move a couple of steps ahead. With the NIFTY awaiting the earnings season and also the outcome of the Lok Sabha elections, it is likely to consolidate for some time. We have had a fairly decent run and it’s time for a time-correction. No significant downside or upside is expected. Overall, the market is definitely in a good direction in the near term with positive sentiments across. The sectors which have not performed for a long time have started performing and that has increased the breadth of the market. The FII’s love India and are likely to continue pumping in more funds. If we have a decisive and stable government at the centre with a decent 250 plus seats and with a perfect vision for 5 years, the markets would go a long way. Have a stock specific approach.