Nifty might move towards 5250-5300 in the near future: Seshadri Bharathan, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about the markets.

What about the market though because 5150 seems to be like a tough resistance? Are you seeing enough buying sort of waiting on the sidelines and we would see 5200 perhaps in the near future?

Definitely yes because I think most of the bad news has been factored in the Indian markets and globally also markets have taken cues from the rescue package which has been announced last week. So having said that, I think we might see a short covering happening in the market and Nifty moving towards 5250-5300.