Europe's current rally is not sustainable: Independent International Investment Research

Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC in a chat with ET Now talks about the sustainability of current rally.

It has been a good day up until now but does it give you that kind of conviction? This momentum that we are seeing in trade is actually sustainable?

It is a relief rally. Now the question is whether it is sustainable going forward or not and the view is of course if you have a reasonable holding period, India would be a very good markets to hold onto.

I believe that Europe’s current rally is not sustainable because there is already rumblings in Germany and there will be political instability in Germany, which will cause again another round of sell off in Europe, so we will get sell offs, which would be great buying opportunities. I have always said you should use any sell off.