F&O Talk | Markets to rise despite minor corrections, deploy Calendar Spread in Nifty for Budget day gains: Madhu Bansal of The Finberg

economictimes.indiatimes.com:

Infosys reported robust Q1 numbers, leading to a host of positive brokerage views on the counter.

The Nifty50 index on Friday closed 1.09% or 270 points lower at 24,530 while the S&P Sensex closed the day nearly 1% or 739 points lower at 80,604.65.

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Madhu Bansal, Founder of The Finberg interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming week. Following are the edited excerpts from his chat:

So, Nifty and Sensex, are at their all-time highs, what do you think, what is your outlook and thoughts on the movement of these indexes at such a pace?

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Nifty and Sensex, both of them have been trading continuously above their 20 EMA on a weekly basis, which is a great sign of bullish momentum. It has been forming higher lows on a weekly basis, which means that there is not even the slightest hint that the markets should be going down or should be up for some good correction. If we also look at the data,