Have target of 6150-6100 for Nifty: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about Nifty.

ET Now: You can see that the Nifty is certainly booming with rocket speed, does not seem to be looking backwards, but if we do have a correction which is inevitable, do you think that one should buy in at that juncture?

Devang Visaria: At least one day where you have Nifty cracking 100 points because till then, I do not think we will confirm we are on a short term correction in the market. Ever since markets broke about 5650 levels which resulted in a running breakout scenario for Nifty, you are seeing very strong momentum. In the immediate short term if we are able to sustain 5850, then we are looking for targets of 6150-6100 for the Nifty, possibly we expect it to be achieved in this month itself.