Nifty to remain range bound; UP elections a big trigger: Expert

Nifty will remain range bound in the coming few sessions, with the 9,000-mark being its biggest hurdle, said Mitessh Thakkar of mitesshthakkar.com. Thakkar said Uttar Pradesh elections will be the biggest market trigger in the near future that can help Nifty surpass the 9,000 level. He suggested remaining long on the market.The market is going to remain volatile prior to the UP elections, said Mayuresh Joshi of Angel Broking. The market may head upwards if BJP wins by an absolute majority, in spite of the current market valuation, he said.The market ended in green today, with both Nifty and Sensex ending 0.75 percent higher.Prakash Gaba of prakashgaba.com said the market may not see many corrections going ahead while suggesting a buy on any dips in the market. Although, Joshi opined that investors remain stock specific, especially in the mid-cap space. Equity markets are doing well the world over, said Rajesh Kothari of AlfAccurate Advisors. India is a part of this global rally. Watch video for more.