According to Rahul Ghose, Founder and CEO of Octanom Tech and Hedged, a decisive close above 25,500 would open the way for the Nifty 50 to retest its record highs.
"Until then, I would treat 25,500 as a zone to book partial profits in short-term positions rather than a breakout to chase," he said in an interview with Moneycontrol.
He sees an opportunity to generate alpha in Titan Company and BSE during Samvat 2083. "The charts of Titan look strong, while BSE is in a clear uptrend, and the revival in capital market activity is a structural positive," he said.
Meanwhile, he believes the correction in gold prices presents an opportunity for investors rather than a reason to exit. Instead of buying aggressively on price rebounds, investors should accumulate gold gradually in tranches as prices move towards lower levels, Ghose advised.
What is your trading strategy for the Nifty 50 after its sharp rally to an eight-and-a-half-month high?