Mkt won't move beyond 18,600 before Budget: Arpit Agrawal When asked whether, between now and the Budget, he could make a case for a short term market rally, especially in sectors like real estate and metals, Arpit Agrawal of Arihant Capital Markets said that there are a lot of value picks and that there’s a lot of sector and stock specific action. However, in the short-term, till the Budget, he doesn’t see the markets moving beyond 18,500-18,600 levels.
“I think the market will face resistance. It can move up by another say 800-1000 points on the Sensex from hereon, but can again face resistance. Internationally a lot of news flow has been coming in everyday, but I feel the market is going for a consolidation for a longer period, may be six-months. We may be able to just make the high we crossed in this financial year,” he explained.
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