ANews Office: Nifty opened on highs in first Hour and then started to consolidate till all important RBI Policy and after clear indication from RBI stance market gained momentum and closed over 11200 if it sustains 11200 then it can try to reach 11400 if breaks 11000 then lower levels of 10,900 is possible in coming days.
US markets also saw gap up and rallied on back of good results from Technology companies and in hopes of Mega stimulus package. In commodity side gold & silver is touching all time highs every day. Investors and traders should be very cautious if it break 11100 then could be negative. Now focus should be on profit booking and wait for right moment to add stocks next few weeks will be volatile and should be very cautiously handled. Focus should be on defensive shares of IT and gold related and all other sectors should be cautious approach.
DISCLAIMER- Views and Levels mentioned above are my personal study and I have every right to be wrong. I am not SEBI registered Financial advisor yet and theses views are for educational purpose hence please take decisions of your hard-earned money by yourself.
Sunand Gopal Kapila, Financial advisor