Can Nifty Break the 25,000 Barrier? Insights from Analysts
Monday, 29 July 2024, 00:10
Market Insights
On the weekly chart of the Nifty stock market index, traders have observed a bullish candle with a lower shadow. This suggests increasing confidence in buying at lower support levels.
Support and Volatility
Nifty has previously experienced volatility, but it has consistently found support from its 20-day moving average. This reinforces the possibility of a stronger uptrend.
Conclusion
Given these favorable indicators, analysts believe that Nifty could potentially surpass 25,000. The growing buyer interest positions the index for an upward trajectory.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.