Pashupati Advani of Advani OTC Dealers said there are both bullish and bearish investors in the markets, as seen by low volumes. He told CNBC-TV18 that the US Fed move, gains in China and other markets are adding to the momentum. He expects to see an upside of around 5-10% from current levels.
Advani is bullish from the medium-term and sees more upside than downside. According to him, the interest rate sensitives will not fare very well and overall results are good.
Advani is concerned about the measures taken to curb high commodity prices. He further observed that markets will continue to see flows as long as the primary market does not absorb it. He hopes to see the Sensex go up to 19,000 before it goes back to 16,000.
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