Page 18 - Nifty Outlook

Nifty Bank: A close below 43,700 will trigger fresh round of selling

In such a case, further support for the Nifty Bank index is projected around 43,350, 42,600, and 41,500

Goldilocks position for Indian equities is getting questioned: Jefferies

Rising crude oil prices, traction in China equities and high inflation concerns are casting a shadow on the road ahead for the Indian equities, believe analysts at Jefferies.

Nifty, Bank Nifty likely to consolidate in the near-term

According to Ravi Nathani, an independent technical analyst, all the Nifty may seek support in the range of 19,550 - 19,300 levels.

History shows momentum rallies lift Nifty 25% in 134 days; will it repeat?

Based on the average gain and duration of the past momentum-driven rallies, the NSE Nifty 50 can potentially rally past the 23,000-mark by January 2024.

Buy GMDC, Rites for gains up to 16%, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could trade in the range of 19,612 - 19,819 in the near term.

Nifty bulls need to keep an eye on these two key levels, show charts

Meanwhile, if the Bank Nifty closes above 45,150 it would indicate fresh strength, says Ravi Nathani, an independent technical analyst.

Nifty needs to cross 19,523 to resume uptrend, has support at 19,300

Any level below 19,300 could lead to correction in the Nifty50 index, show charts

Nifty 50: Aggressive traders may short-sell index with stop loss at 19,525

It is crucial to set a strict stop loss at 19,525 to manage risk since resistance levels are projected at 19,380 and 19,490

Nifty hits new high; Can it topple 20,000-mark? Here's what history hints

The NSE Nifty 50 on Wednesday scaled a new high after 142 trading days. The average swing returns since 2018 are 32.8 per cent suggesting an upside target beyond 22,000-mark.

Nifty likely to hit 19,000 soon; support seen at 18,660

Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Surya Roshni and Bajaj Electricals.

Weekly F&O Expiry: Traders expect Nifty to hold 18,800, shows option data

Meanwhile, the Bank Nifty seems broadly trapped in the 43,500 - 44,000 range, say analyst.

Buy Equitas Bank, RPG Life for up to 16% upside, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty needs to breakout from the 18,669 - 18,888 range to gain momentum.

Resistance for Nifty seen at 18,900; Bias remains bullish

According to Ravi Nathani, an independent technical analyst, the Bank Nifty, however, remains trapped in the 44,500 - 43,375 range for now.

Nifty FY24 earnings growth at 20% to outperform most Asian peers: Jefferies

Among sectors, Jefferies expects the consumer discretionary and staples sectors to see a margin expansion of 2.4 / 0.7ppt in FY24.

HDFC Sec sees up to 16% upside in Firstsource Solutions, Marico; check why

Midcap IT as a sector has been outperforming and the same is expected to continue

El Nino biggest immediate risk for the markets; not priced in yet: Analysts

Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.

Nifty, Nifty Bank eye range-bound moves; here's how to trade them

Given that the overall trend is bullish, the recommended trading strategy would be to consider buying NIfty50 near the support levels

Weekly F&O Expiry: Nifty could gyrate between 18,475-18,575 on Thursday

Meanwhile, the Bank Nifty may face resistance around 44,300 - 44,350 zone today.

Nifty at 18,500; Charts hint breakout on cards?

Meanwhile, charts suggest that the Bank Nifty is sustains above 44,140 can rally to 45,000 - 45,300 levels says Ravi Nathani, an independent technical analyst.

Nifty May F&O expiry: Index may break 18,200, faces resistance at 18,350

Meanwhile, the Bank Nifty may witness a sharp fall if the index fails to sustain above 43,500 level.