Correction has made investors wiser: Atherstone Capital Markets

Keeping in mind the kind of market moves you have seen we hit 20000 on the Sensex, 6000 still on the Nifty the way up from here is looking good?

Gurunath Mudlapur: Yes, I think that the way have remains good and in fact the corrections which has happened in the last couple of weeks. I think has made it all the more better that now they are stocks are in much better hands and stronger hands and with people with longer vision and the bounce back is showing that there is intrinsic value in the stocks and there has been a lot of buying activity. So all these are pointing to the indication that investors at a certain level are interested in investing into the markets and that is giving the push for the stocks or the markets per se.

From that perspective I think now we are on a positive mode and this can continue and people will remain very cautious after this recent experience for at least couple of more weeks so that is one factor which can be creating volatile and lackluster kind of a markets during the days to come especially with December end coming in and then Christmas season coming in even the FII activity could reduce. So from that perspective we think that this could not be a very active month per se from investment perspective.