Investors should do what the US Fed is doing, wait and watch and let the evolving situation be a guide. Right now, it’s saying play safe
The macro environment is much better but technical indicators are mixed and point to trend reversal if the Nifty breaks below the 18,000 support.
The market currently is discovering new stories to take it up but banking will continue to be the driving force. "The stock market theory is rested on the banking sector and no other sector is likely to take it up,†says Ajay Srivastava.