Laurence Balanco, the CLSA chartist, sees more upside for the Nifty 50 index, after it closed above its 50-Day Moving Average during Thursday’s trading session. From the lows of 21,964 on March 4, the Nifty 50 index has gained over 1,200 points, reclaiming the mark of 23,000 and narrowing its losses from the peak. You […]
Trade Setup for February 27: Will the Nifty give up everything it had gained since June 2024? – CNBC TV18
You know you are in an uncertain, dodgy market when nobody is willing to go in with positions, either long or short, before a mid-week holiday, ahead of a monthly expiry. That is exactly what transpired on Tuesday for the Nifty, which had an extremely lacklustre trading session, but stuck to the template, defending 22,500 […]
Nifty target cut by Prabhudas Lilladher to below 26,000, highlights key long-term themes – CNBC TV18
Domestic brokerage firm Prabhudas Lilladher has cut its base case Nifty 50 target by nearly 6% to 25,689 from 27,172 earlier. It has also cut Nifty’s Earnings Per Share (EPS) estimates by 0.8%, 2% and 2.6% for financial year 2025, 2026 and 2027 respectively. “We recommend selective buying for long-term gains,” Prabhudas Lilladher said in […]