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Sensex at 85,000; Nifty at 25,000 by 2024? It's very much possible

However, for the markets to achieve this ambitious target, a number of variables at the fundamental level first need to fall into place to complete the jigsaw puzzle

Stock market, BSE, sensex, markets
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Photo: Bloomberg

Puneet WadhwaAvdhut Bagkar New Delhi / Mumbai
Current volatility and intermittent corrections notwithstanding, technical analysts see the Sensex hit 85,000 levels and the Nifty50 at 25,000 levels in 2024. This translates into an upside of nearly 53 per cent and 51 per cent, respectively for these indices from the current levels. 

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Nifty's 100-week moving average (WMA) is placed at 15,300 levels, which the index held firmly and managed to reverse in the recent correction. If the Nifty manages to cross and hold 16,800 a weekly closing basis, not only will the

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First Published: Jul 21 2022 | 10:21 AM IST

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