Nifty must break out of 16,500-18,500 range where it has been stuck for last 18 months: Rajat Rajgarhia

According to Rajat Rajgarhia of MOFSL, India’s equity markets are in a sweet spot, with offshore and domestic investors turning buyers at the same time. While the domestic investor buying is always a big support to the market, the recent offshore flows have taken the market up like the way we have seen from 17,000 to almost 18,500 in the last month. However, India still needs to break out of the 16,500-18,500 trading range of the past 18 months.