Sell-on-rise likely in Nifty and Broader Market Indices: Insights by Nagaraj Shetti
Sunday, 17 March 2024, 03:41
Nifty and Broader Market Indices Forecast
Nagaraj Shetti predicts continued weakness in OMCs with eroded upside momentum. Shetti further mentions that another 5-7% downside in the three OMC stocks is likely. The market is currently experiencing a lack of buying support, leading to Nifty facing downside pressure. It is important to note that the Small Cap 100 is anticipated to find support at 13,200 levels. For investors, Shetti suggests a sell-on-rise opportunity in NMDC, with a downside target set at Rs 175.
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.