Investors had been waiting for these levels for long, but now is the time that they should look for some profit booking
The price action in Nifty remains bullish though there is not much of a headway in the markets
The bias in markets is positive and the Nifty is seen crossing 16,400 now, traders are advised to buy for a target over 16,400-16,430
Investors should not chase price momentum or dilute the quality of portfolio now, says Abhishek Basumallick
Technical indicators suggest a volatile movement in the market in a small range
Retail investors are being taken in for a ride by large PE players in most of the new age IPOs
Tatva Chintan was a value buy IPO as had attractive PE and even now the stock has further potential
Markets have started on a resilient note however, markets have been sideways for the last eight weeks
Nifty is struggling in a range of 15,700-15,900 and either side breakout will decide the further direction
Traders should buy the index and book profits around 15,800.