Market is headed higher, remain bullishly biased: C K Narayan

In an interview with ET Now, C K Narayan, Growth Avenues Asset Advisors talks about the market outlook.

What is the call on markets right now?

So far it certainly does look sustainable. If you look at what the index did today, it actually traded a higher high compared to yesterday. Considering the fact that we have been having upside gaps and steady stream of higher bottoms and higher tops, it is fairly clear that the market is now in an uptrend.

Yes, you do have a pullback from those higher levels. So you might be getting jittery about that but on a chart perspective as long as you are maintaining a kind of higher top higher bottom formation, you do not really have too much to worry and you should not really. You should really be taking cognisance of any kind of sharpest pullback. They are part and parcel of the whole deal. So the market is headed higher until it chooses otherwise. It has not chosen to do so yet. So we should remain bullishly biased yet.