Market likely to consolidate for sometime: Avinash Gorakshekar, Anagram Capital Ltd

Avinash Gorakshekar, Head of Research, Anagram Capital Ltd, in a chat with ET Now talks about the market.

Does it seem like this market momentum is going to sustain 5200 plus level, does it seem convincing enough?

Actually we are very clear that possibly ahead of the expiry, there could be some buying closely following what the FIIs to. But typically we believe that may be at the current levels the market would consolidate for sometime and probably gather some strength and then move forward again.

Our sense is that these levels could possibly see lot of resistance at the current level. May be it would take some time before the market moves into higher trajectory from the current levels. So lot of consolidation before the next up move begins.