Tag: Nifty

The Indian stock markets continued their winning streak on September 11, with the benchmark Nifty closing at a record high of 19,996.30. The market was buoyed by strong domestic fundamentals, including robust economic growth and positive corporate earnings. Technical analysts said that the Nifty is now in an overbought position and could see some consolidation in the near term. However, they expect the market to continue to trend higher in the long term.

Indian stock markets opened in positive territory on September 11, 2023, amid the mixed global cues. The Nifty hit a seven-week high of 19,800 last week, and analysts believe that the index is likely to march towards the 20,000 milestone in the coming days, provided it holds the 19,700-19,800 support level.

Ashish Kyal, CMT, Founder & CEO of Waves Strategy Advisors, expects the Nifty50 to touch 20,100 and the Bank Nifty to 45,700 in September. He also sees double-digit returns from Godrej Properties and Affle India.

The Indian stock market is expected to continue its upward momentum in the coming sessions, with the Nifty50 index likely to touch the 20,000 level. However, some consolidation is also possible before the index reaches this level. The market is currently in a bullish trend, with the Nifty50 forming higher highs and higher lows. The immediate support for the index is at 19,700, and the key resistance is at 19,865. Investors should monitor the key factors that could impact the market, such as the outcome of the US Federal Reserve's policy meeting and the release of key economic data.

the Indian stock market is on a bullish trend, supported by positive domestic and global factors. However, there are some risks to watch out for, such as the ongoing selling by foreign institutional investors and the weak Indian rupee.

The pharma and healthcare sector is a good investment as the present valuation is below their historical highs. The sector is supported by strong fundamentals and growth potential, such as the growing prevalence of chronic diseases and the increasing demand for innovative drugs and treatments. Midcaps and small caps are also good investment options. Here are some investment tips: Do your research and choose companies that have strong fundamentals and growth potential. Consider investing in midcaps and small caps. Be patient and invest for the long term.