Economic TimesLean R·
Nifty tops key 23,500 hurdle, can head to 24,500 on buying interest: Analysts
Nifty’s sharp breakout above the 23,500 level has prompted technical analysts to turn bullish on the near-term market outlook, with many seeing signs of a base formation around the 23,100–23,300 zone. Analysts said improving momentum indicators, bullish chart patterns and sustained buying interest could help the index move towards the 24,000–24,500 range in the coming weeks, while the 23,100–23,300 zone is expected to provide crucial support.NAGRAJ SHETTI SENIOR TECHNICAL RESEARCH ANALYST, HDFC…
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