The Nifty managed to close above the support zone of 16,750-17,000, but absence of momentum is hindering an upmove. Technical analysts expect the index to consolidate in 16,450-17,450 range till October F&O expiry. Analysts said stocks such as , , ABB, , Angel One, , and could witness strength in the near term. ASHISH CHATURMOHTA … Read more
Notwithstanding the upheaval on Dalal Street amid a rise in the US dollar index, domestic brokerage Prabhudas Lilladher has increased its Nifty target to 20,057, signalling an upside potential of 14.5 per cent for June 2023. “Nifty EPS has seen only minor tweaks in the current quarter with 13.2% EPS CAGR over FY22-24 with FY23/24 … Read more
Nifty50 valuations, based on various parameters, look slightly expensive at present. Analysts believe while there are likely chances of earnings downgrades ahead, they see the market gradually moving higher. Vinay Khattar of Wealth said the market has corrected by almost 16 per cent from top to bottom. He said the value begins to emerge in … Read more