Expect market to stay in 6,100-5,500 level range: Arindam Ghosh, BlackRidge Capital Advisors

In a chat with ET Now, Arindam Ghosh, CEO, BlackRidge Capital Advisors, shares his views on the current outlook of the market. Excerpts:

ET Now: Do you see a range bound market? Do you think the upside would capped at say 5,950-odd levels?

Arindam Ghosh: The markets have been ranged for sometime. We have seen the markets at the top end trying to break certain level. However, the good news is that this is ending with higher highs.

However, in an environment where asset classes or asset prices have actually gone up because of artificial liquidity, any kind of a news flow which can have an impact on the emerging markets—particularly in countries like India, Indonesia—can actually spoil the party.

Thus, whilst the consensus is that the market is going to stay ranged with probably 6,100-5,500 kind of levels, we may see lower levels getting tested if any of these moving parts actually goes against emerging markets including India.