Expedition 2024: Analysts see Sensex scaling Mt 85K, Nifty 25K
Business Standard|July 22, 2022
Current market volatility and intermittent corrections notwithstanding, technical analysts see the Sensex hit 85,000 levels and the Nifty50 25,000 in 2024. This translates into an upside of nearly 53 per cent and 51 per cent, respectively, for these indices (from the current levels).
PUNEET WADHWA & AVDHUT BAGKAR
Expedition 2024: Analysts see Sensex scaling Mt 85K, Nifty 25K

The Nifty's 100-week moving average is placed at 15,300, which the index held on to firmly and managed to reverse in the recent correction. If the Nifty manages to cross and/or hold 16,800 per weekly closing basis, not only will the index recoup the fall seen since October 2021, but will eventually head towards 25,500, according to the Elliott Wave Principle. The Sensex, on the other hand, appears to set for 85,000. A confirmation of the trend will emerge once it conquers 57,000 levels and consolidates gains.

هذه القصة مأخوذة من طبعة July 22, 2022 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 22, 2022 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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