The Nifty index could touch 18,000 in the first week of April
Stock Market Today: The Nifty index could touch 18,000 in the first week of April. Market experts believe that the global geopolitical situation will not have much effect on the Indian stock market. In that case, even if there is a big fall, the index will rise again from these two points.
Share Market Today: Where can Nifty turn around?
Last week, the Nifty honored 16,000 important indexes. The weekly report says that the market has consistently made bullish candles. The index crossed the 18,600 level last week and set a new level. Where bullish candles have also been made on the daily chart. That said, the Nifty will soon cross the 16,000 mark. However, in that case, even if the market falls, 17,300 or 18,000 will be important support for the Nifty. From here, the bulls of the market can turn around again.
Stock Market Update: What market experts say?
Regarding the market, Nagraj Sethi of HDFC Securities says, “The Indian stock market has settled down after overcoming one hurdle after another. Investors are just waiting to see an upside breakout. In that case, the overhead resistance could be 18,795 points. The Nifty will be seen in sharp movement this week, according to the weekly chart (formation of the Long Bull Candle) after last week’s break.
Stock Market Today: How far will the index fall?
According to analysts at HDFC Securities, the Nifty will move to 17,800-18,000 levels in the first week of April. It is expected that the index will take strong support at 17,550 points despite minor corrections. From here, things get trickier, and this is where the true quarterly results come in. In that case, the market will depend a lot on the profit of the company. The opposite can be seen in the quarterly results of companies