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Broad-based rally possible once Nifty crosses 9,450: Angel Broking

At present, traders are advised to stay light and should ideally continue focusing on individual stocks

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On Sun Pharma's daily chart, prices seem to have resumed the uptrend

Sameet Chavan Mumbai
Nifty close to 10,000, but eyes on geopolitical concerns

Last week, we had some encouraging moves in the market and in the process, the Nifty took a leap beyond the 9,800-mark. However, US President Donald Trump's threat to China on hiking tariffs over the weekend, spooked market participants across the globe. As a result, we had a huge gap-down opening on Monday, which was mostly followed by a consolidation throughout the remaining part of the week. Eventually, the Nifty ended the week tad above 9,200, shedding over 6 per cent as compared to the previous weekly close.

Although, it appears to be