Weakness, Mohammad said, shall not be expected unless Nifty50 closes below 17,650. Therefore, traders with high risk-taking ability can buy the dips for a target of 17,990, but the stop shall remain below the 17,650 level, he said.
Monetary policy expectations impact stocks more than rate moves: RBI paper
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy