Do not see a correction in the markets in near future: Kunj Bansal

In a chat with ET Now, Kunj Bansal, ED & CIO, Centrum Wealth Management, shares his views on the market outlook. Edited Excerpts:

ET Now: Will the market take any direction? Will we continue to stay at the 8300 mark?

Kunj Bansal: It is always difficult to predict short term corrections in the market. These are best predicted by technicals, the way the market has been holding on after moving up sharply in October end around Diwali, and then in the beginning of November. The positivity is still there. Starting today, we have some data points coming in, such as the data on inflation, both CPI, WPI as well as IIP. If those numbers are below or significantly below expectations, then that will be one reason for the correction. They were significantly positive above expectations last time.

If not, market overall looks positive. Even in the short term, I do not see a significant fall in the market. There is a lot of interest on the buying side, from domestic as well as global investors. The more we doubt, the more people think that there will be correction. It does not come.