Since defensives have been performing well because of which the Nifty outperformed the Bank Nifty, positional traders, depending on their orientation, should check-in the index accordingly, says Bhamre.
As long as Nifty trades above 9,133-9,119, the index is on track to hit fresh record highs above 9,218 in April series, suggest experts.
MD of MF Global Vineet Bhatnagar says the market could end the March series around 5,270-5,300 levels if the Finance Ministry indicates that it will relook GAAR with regards to Mauritius.