Correction or 7,000?

After jumping nearly 280 points after the Budget presentation, the stock market is expected to see a correction next week. But the question among market operators is: Will the correction come in after the Sensex hits the 7,000 level or before that?

The market displayed marked strength last week on the back of strong liquidity and a growth-oriented Budget. The benchmark Sensex is just 150 points away from the magical figure of 7,000. 8216;8216;Bulls will try to take the Sensex to the 7,000 level in the coming days. But there will be considerable selling presure for every rise,8217;8217; said BSE dealer R.A. Podar.

Foreign funds have remained aggressive buyers on the Indian bourses on the back of strong growth story that India Inc promises. Fund managers said the government8217;s focus on tax reforms and infrastructure development is keeping investors happy.