Stay updated with breaking news from Sameet Chavan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750
There is tremendous investor confidence among domestic investors. Even when FPIs are selling occasionally, like in October and November, domestic investors are showing confidence in the market, backed by fundamentals, said Nilesh Shah, CEO, Kotak MF.
Experts expect markets to behave in a range-bound manner for the next few sessions until a clear catalyst emerges
If the momentum sustains, the Nifty can retest 22,000-22,100 soon, analysts have said. Volatility showing signs of easing
Experts believe that range-bound momentum will continue to ensue markets until Nifty breaks beyond the range of 21,500-22,100