Nifty all set to hit 18,000-18,200: Shivangi Sarda, MOFSL

After a negative opening, Indian equity benchmarks continued the upward momentum on Monday. IT sector was the top drag on the Nifty following disappointing TCS earnings and ripple effect was seen in Infosys and HCL Tech. Shivangi Sarda of Motilal Oswal Financial Services spoke to Money9 on what to expect in trade this week. "The underlying trend of markets remains intact, the nifty may be all set to go for higher levels of 18,000 so we are still advising investors to go for buy on dips", she said. The focus in the current market week will be on PSU stocks and power stocks on the back of power shortage. One can look for trading opportunities in that space.

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Mindtree | Buy | Target: 4640 | Stop Loss: 4360 Indiamart | Buy | Target: 9160 | Stop Loss: 8630