Clearance of projects to drive market higher: Pashupati Advani, Nirmal Bang Institutional Equities

In a chat with ET Now, Pashupati Advani, Nirmal Bang Institutional Equities, shares his views on the market.

ET Now: 1000 points up on the index, 2% up on the rupee how much more to go before we hit some kind of an wall?

Pashupati Advani: This is the time to just sit on the sidelines and wait. The rupee will probably not go up too much but I have been proven wrong. The new RBI Governor is trying to stop the rupee from falling further and making.

The markets are okay and lot of projects have been approved and there is lot of good signs and hopefully it will translate into good market movement. I am actually not pessimistic on the market. It is going to trade in this range but I am a little bit pessimistic about the dollar.

ET Now: So can markets can go up if dollar goes up?

Pashupati Advani: Yes it should because then people who feel that they have missed the opportunity will start jumping in and that is what you are seeing a little bit of.