Market poised for uptrend with phases of consolidation: Sudip Bandyopadhyay

economictimes.indiatimes.com:

«At every higher level, there will be a bit of consolidation for some time and then again it will reach a new level. So, this year we will see a secular upward movement with in between consolidations at different higher levels,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.

After all that flux that the markets went through all through the election week, we have already seen consolidation play out, but do you think it is going to continue for some more time?
Absolutely. I think, look, while we are consolidating, we are consolidating at an elevated level and I think this is the trend which we will keep watching. The next big trigger will be, of course, the union budget, which is coming up sometimes within the next 15 to 20 days, maybe. The next thing important, of course, which the market will keep monitoring is the progress of monsoon.

I think these are the two critical things which the market will keep wondering and keep monitoring. Of course, as soon as the month of July starts, the earnings season for the first quarter will also start and the market will monitor.

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But these are factors which markets will worry about. But the biggest and most important thing which is pushing the market up is the liquidity, unabated and continuous flow of liquidity, both domestic as