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"In case we see a lower high and lower close on Feb 17 compared to Feb 16, then the present upmove could be termed as over. 18135-17881 could be the new trading band for the Nifty in the near term," said Deepak Jasani, Head of Retail Research, HDFC Securities.

An analysis of stocks with a market capitalisation of over Rs 500 crore shows that FIIs have raised their bets in these 9 multibaggers that have rallied up to 533% in the last one year.

“ If you are someone who has no time to follow individual stocks, it is very simple, buy an index tracking fund. When the market corrects, buy a fund that tracks the Sensex and Nifty and keep it for 30 years. If the Sensex doubles, you double the money; if the Sensex goes up 5x as it has in the last say 10-15 years, you will make 5x your money. So it is a great thing to do. ”

Peak of red tall bar, failure to sustain and presence ofdownward sloping trendline suggests weakness.

“If you want to trade, then index is not the right product for you. If you want to trade on the Nifty, then you have no choice but to go for the Nifty ETF. But for long-term investors who are basically buy-and-hold investors, the index option makes far more sense than the ETF option.”

"The interest rates are better than what we would see for many other instruments in the market but one thing has to be known. The bond is being issued by the Indore Municipal Corporation which has a good credit rating so in that case it is not a cause for concern."

"Nifty is likely to remain in the range 17800- 18200. As of now, there are no triggers to break this range in both directions," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

The Nifty Realty index was trading 1.24 per cent down at 405.85.

Midcap funds saw net inflows of Rs 14,632 crore in the last three quarters, and smallcap funds saw inflows of Rs 15,172 crore. Meanwhile, the net inflows into large cap funds was Rs 6,392 crore in the same period.

The Relative Strength Index of the stock stood at 52.12 on Friday.