By 2035, India's market-cap can touch $18-20 trillion as compared to around $4 trillion right now, Vikas Khemani said in this interview.
According to Ravi Nathani, an independent technical analyst, the 22,527 level on the upside and 22,170 on the downside are the key levels to watch out for on the Nifty 50 index.
This particular technical indicator on the weekly charts suggests that the Nifty PSE, CPSE and PSU Bank indices could consolidate or dip in the near-term
Analysts raised 2023-24 (FY24) earnings estimates for 49 per cent of 162 companies
The NSE Nifty50 has strong supports placed around at 20,920 and 20,750 levels. Meanwhile, the broader indices are seen testing support at respective 20-DMAs, show charts.
A prudent trading strategy in the Nifty Realty index would involve booking profits, and adopting a cash position
The NSE Nifty may face some resistance around 20,130; above which the index can potentially hit a new all-time high soon.
However, the recent correction in stock prices may not be the end of the downward trend for mid and small-cap stocks,
Thus far in calendar year 2023 (CY23) the Nifty Midcap 100 index has surged 29 per cent, as compared to 11 per cent gain in the Nifty 50
According to Ravi Nathani, an independent technical analyst, while the Nifty Midcap index has strong resistance around 10,125 level.
ITC and Tata Motors have zoomed 33 per cent each since December 1, and have led the rally in the 30-pack index
Zydus Lifesciences, in particular, has been scaling 52-week highs with momentum staying highly elevated. Also, Aurobindo Pharma shares have seen a steeper rise, with aggressive chart structures.
Both shed 0.6% but end in green for second straight week; Broader markets play catch-up
Nifty Midcap 100, Nifty Smallcap 100 struggle even as markets make new highs
ADTV for cash segment lowest since Feb 2020; retail participation hit, say analysts
There is strong support for Sensex at 58,000-59,000 and Nifty at 17,000-17,300
Right Horizon's Minerva India Underserved continued its dream run, gaining 13.1 per cent in August
For the first time since January, the three key indices representing the broader market - Nifty 500, Nifty Midcap 100, and Nifty Smallcap 100 - outperformed the benchmark Nifty 50 index
But look at quality of management, and another one unique to this crisis is finding businesses which will emerge stronger
Expect broader markets to bottom out, with valuations capping further downside