India’s Nifty 50 index has emerged from lows and is set for a rally that may go beyond 18,000 levels to as high as 24,000, according to technical analysis projections of two brokerages.
nifty index futures
Sensex, Nifty Close Little Changed In A Volatile Session
Sensex / Nifty Future Forecast: IndiaтАЩs stock benchmarks closed little unchanged in a volatile session as gains in capital goods and industrials stocks were offset by losses in energy, oil and gas and metals.
Nifty Weekly Forecast: Above 16900 Target 17400тАФ17800 [Buy on Dips]
Nifty Weekly Forecast: Unlike the earlier week, this one was a lot more ranged. But as the index managed to tick a bit higher, people didnтАЩt really mind that it ranged. So long as the overall bias was maintained to the upside, most people are happy. When people are happy, the breadth widens and participation increases.
Nifty Target Price 16,900 Levels By Year-End
Nifty Target Price: Nifty can head to 16,900 levels by the end of 2022 even as inflation and growth prospects remain a concern.
Nifty Could Remain in the 17405-17855 Zone in The Near Term
Nifty Trading Zone: тАЬNifty after falling gap down has formed a hammer like pattern after a fall, suggesting possibility of an upward reversal. Advance decline ratio fell to much below 1:1 suggesting broad based profit taking in the markets. ┬аNifty could remain in the 17405-17855 zone in the near term,тАЭ.
Stock Market: What’s dragging market today?
Stock Market: тАЬIndian markets witnessed a sharp fall on the back of rising geopolitical tension between Russia and Ukraine. This geopolitical tension is leading to a sharp rise in crude oil prices which is another headwind for Indian equity markets.