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It will affect our markets, but if it does not happen, then we shall be trading within the range of a 8000 to 8500 on the Nifty.

"We could see the Nifty trade between 9000 and 10000 this year. That is our base view and cos and sectors within that will outperform."

The Nifty has had a great run and you could see a reasonable size correction out from here.

There is still a lot more to be done. We have not really seen any big reform happen over the last 100 days, Andrew Holland adds.

'To say that we are out of the woods is really a fool’s game at the moment,' says Andrew Holland, CEO, Ambit Investment Advisors Pvt Ltd

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