"I do see the Nifty inching higher to 17,500 and then again seeing profit booking at those levels. So it is a buy on dips on the Nifty," he said.
Ganpati is referred to as the Gajanana, Lambakarna, Vakratunda, Vighnaharta and by many other names which also signify key investment mantras
The best of market rally has played out and a fast and furious correction may be coming, says Sanjiv Bhasin, Director, IIFL Securities
A 200-300 point correction for the Nifty will be healthy at this stage as it will ensure the bulls come back stronger
All sectors barring the banks and financial services slipped in the red.
Mazhar Mohammad of Chartview India believes protecting capital should be key focus of investors rather than participating in the last 5% of the rally
"Markets are being driven by the rally in large-caps which are playing catch up also the positive commentary by India Inc on Q1"
"The Nifty unless it crosses over 17,500 may remain in a range or even correct 200-300 points from current levels."
The largest listed Indian firm Reliance Industries by market cap has seen its valuation cross over Rs 16 lakh crore
Experts believe as long as the index keeps trading above 17330, the uptrend texture is likely to continue