“Our overall sense is that largely the bullish bias which we were carrying prior to election outcome remains intact. The only challenge what probably we need to sort of look at the element of populism which might come by and if the quantum is not so high, then overall directionally things are going to remain … Read more
Do you think Nifty will peak out at around 21,000-22,000-level? Hold on! The most bullish target for the new year 2024 goes as high as 25,000 while bears see the market crashing up to 20%. Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE … Read more
After clocking eight successive years of positive returns and ending 2023 with a solid 20% return, analysts predict that Nifty’s winning run may continue in the new year 2024 but with a more limited upside. Stating that the returns in 2024 will depend on the tussle between fundamentals and sentiment, Kotak Institutional Equities said in … Read more
After a sharp rally over the past two months, the Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800. Analysts suggest that any potential breakout above 21,600 could propel the index to a new all-time high within the range of 22,000-22,200. Stocks such as L&T, … Read more
