Mkt likely to continue upward march in 2011: Ridham Desai

Here is expert equity call for the day on how the markets are expected to trade:

Ridham Desai, Morgan Stanley: Indices are approaching all-time peaks and very naturally investors are drawing comparisons with 2007. The market hit its all-time high in January 2008 before it plunged. But the market and the economy are not comparable to the exuberance of 2007 on most counts. Our base case is none of the risk events of 2008 will happen in 2011 and to that extent, the market is likely to continue its upward march in 2011.

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