Markets to move up further from here: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on market outlook.

ET Now: What is your sense how are you looking at the new series now?

Ambareesh Baliga: The new series is going to be the pre-budget session and normally we see a rally in pre-budget.

The markets have moved up quite sharply in the last 10 to 14 days and this will continue based on the sort of expectations from the budget.

Markets will hold on and still move up further from here but fundamentally the market has become quite expensive.

It can become more expensive from here so I would say it is possibly a traders market where one can take a bullish stand at least for a while longer.