Market Analysts Predict Nifty 50 Consolidation Amid Near-Term Stability
Technical experts suggest the benchmark Indian equity index is currently accumulating positions and is unlikely to breach the 24,000 mark in the coming week. The outlook points to short-term sideways movement as traders assess broader economic indicators.
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Nifty may be in accumulation phase, says Anand James; Ather, Nazara top bets
Nifty’s September series begins with a cautiously positive undertone, with options positioning indicating support at 24,000–24,100 and resistance at 24,200–24,500. A decisive breakout could trigger further gains, while a break below 24,000 may invite downside. Meanwhile, Ather Energy and Nazara Technologies remain among the top stock picks, with analysts seeing further upside after recent bullish breakouts and strong momentum.
Read full article →Chartist Talk: Why Nifty 50’s break below 24,000 looks unlikely next week - Moneycontrol.com
Chartist Talk: Why Nifty 50’s break below 24,000 looks unlikely next week Moneycontrol.com
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