Can Sensex, Nifty extend rally on Friday? Here's what market analysts say
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sensex and Nifty may extend their rally on Friday as market analysts predict positive trends.
- ✓Experts say the Nifty could reach 23,200 levels soon.
- ✓Nagaraj Shetti of HDFC Securities noted a new higher bottom around 22,400.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Sensex, Nifty outlook for Friday: Market experts believe the Nifty can potentially rally to 23,200 levels in the near-term.
Sensex, Nifty outlook: Here's what market analysts predict.
After a series of bearish patterns like lower tops and bottoms, the recent market action signals confirmation of a new higher bottom around 22,400 levels on the Nifty, highlights Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Shetti reckons that this could possibly open bullish chart formations like higher highs and lows ahead. The analyst believes that the short-term trend of Nifty remains positive, and the index may advance towards the next resistance of 23,200 in the short term.
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