With rising tensions between countries, market sentiment is becoming increasingly cautious. This geopolitical uncertainty is likely to weigh heavily on investor confidence in the coming weeks.
Based on the current scenario, a realistic target for Nifty seems to be around 21,000 by July, especially if the negative sentiment continues and foreign institutional investors (FIIs) remain net sellers. Global cues, crude oil prices, and currency fluctuations could further impact the index's performance.
📌 However, if by any chance Nifty manages to close above 25,500, it would indicate an extremely strong bullish breakout, defying current market fundamentals. Given the present conditions, this seems highly unlikely, unless there is a sudden positive catalyst such as:
A major resolution in geopolitical issues
Strong corporate earnings
Aggressive policy support from the government or RBI
🧠 My Take:
For now, it’s wise to remain cautious and watch key support/resistance levels. Volatility may remain high, and short-term traders should manage their positions carefully.
💬 Let me know your thoughts in the comments below. Do you think 21k is coming soon, or can the bulls surprise us all?
Based on the current scenario, a realistic target for Nifty seems to be around 21,000 by July, especially if the negative sentiment continues and foreign institutional investors (FIIs) remain net sellers. Global cues, crude oil prices, and currency fluctuations could further impact the index's performance.
📌 However, if by any chance Nifty manages to close above 25,500, it would indicate an extremely strong bullish breakout, defying current market fundamentals. Given the present conditions, this seems highly unlikely, unless there is a sudden positive catalyst such as:
A major resolution in geopolitical issues
Strong corporate earnings
Aggressive policy support from the government or RBI
🧠 My Take:
For now, it’s wise to remain cautious and watch key support/resistance levels. Volatility may remain high, and short-term traders should manage their positions carefully.
💬 Let me know your thoughts in the comments below. Do you think 21k is coming soon, or can the bulls surprise us all?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.