Despite the index seeing buying on dips, the near-term trend seems to be sideways, said Mazhar Mohammad of Chartviewindia.in, adding that strength should emerge on a Nifty50 close above 17,777, while weakness should be expected on a close below the 17,400 level.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South
May 16, 2025