Will the market up move continue?

The Indian stock market is in up move again. Today though the indices lost their early gain, still Sensex managed to close more than 50 points up.

Now the question is will the up move continue or will the market correct substantially from this level?

I personally think that it will be general up move, may be with a few mild corrections. There is a lot of liquidity in the market and the appetite for investment. The quarterly numbers from big players have also been good.

But I also think that all sectors will not perform equally well. Bank will continue to outperform in near future. Technology and Pharma will also do good. Energy is starting to look good at least in some specific stocks. Metal will probably be sluggish in near term due to Chinese worry. Cement is looking weak. And there is a lot of volatility in realty sector.

However, this definitely looks a positive market for the investors, if not for the traders. One can pick up a few good stocks across the sectors and make some decent profit over the next few months.