Market Expectation In Near Term

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I continue to be bullish on growth of Indian Stock Market. The markets should consolidate in the next four five days but can I expect the markets to climb back to the 20,000-level by year-end.

Besides, there are many positives news in favor of the markets such as the GDP growth data, good collection of direct and indirect taxes plus expectations of good corporate earnings in the third quarter.

Some events that will determine the market movement in coming days would include the Union Budget and the fiscal incentives it provides as well as the outcome of all the scams- 2G, realty loans etc.

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