11786 Nifty next quarterly forecast
Updated
Previously, over the last four weeks, NIFTY 50 gained 0.02 percent.
Over the last 12 months, its price rose by 24.24 percent.
Looking ahead, there is possibility of deep pull back towards 23674 or 22749 in one year according to the global macro model projections and analysts expectations.
Any major geopolitical tensions may even further defoliates or any surprise positive quarterly results may also has probability to form double consolidation zone 23000 to 24000 (but this probability is low as last year consolidation happened near 22700 to 21700. The proximity of deep correction is high compared to step by step consolidation.
Over the last 12 months, its price rose by 24.24 percent.
Looking ahead, there is possibility of deep pull back towards 23674 or 22749 in one year according to the global macro model projections and analysts expectations.
Any major geopolitical tensions may even further defoliates or any surprise positive quarterly results may also has probability to form double consolidation zone 23000 to 24000 (but this probability is low as last year consolidation happened near 22700 to 21700. The proximity of deep correction is high compared to step by step consolidation.
Trade closed: target reached
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