Stay put! Nifty likely to head towards 17,800 in first 15 days of April: Anand James

Traders are expected to experience a recovery rally in India’s Nifty50 throughout April and beyond as risk appetite improves after the US Federal Reserve’s commentary was not appear dovish, the banking crisis is factored in and short covering is anticipated. With the capital goods, metal, oil and pharma sectors having high rollovers, capital goods stocks saw short covering. There was a long buildup in oil. Metal and banking stocks stood out.