Mazhar Mohammad of Chartview India believes protecting capital should be key focus of investors rather than participating in the last 5% of the rally
The benchmarks indices snapped their three-day rising streak and ended almost flat after a volatile session on Tuesday.
"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."
Experts believe as long as the index keeps trading above 17330, the uptrend texture is likely to continue
Asian stocks are trading mixed on Tuesday as investors look ahead to the release of Chinese August trade data.
Auto sector is expected to see momentum ahead of the festive season and Maruti Suzuki may come out of its underperformance.
Milan Vaishnav of Gemstone Equity Research spoke to Money9 on the way markets will be headed from current levels.
US jobs data released Friday came in far short of expectations, with the economy adding just 235,000 positions in August.
Largecaps have been playing a catch-up rally for the past one month, which is driving the benchmark to higher levels.