Nifty Outlook For 2023 1st HalfMarket Outlook:
Initial phase of 2023 will continue to pose challenges to investors. Indications are that Volatility will remain persistently along with challenges related to inflation and Geo-Political issues. It has been observed that COVID is also as persistent as inflation and a wave or a variant continues to return every Six or Eight months. These probably interconnected issues of Inflation, Geo-politics and COVID will continue to keep investors on toes. When the situation will stabilize? Well your guess is as good as mine. We cannot say for sure. Lot of analyst and international bankers feel that towards Second half of the year situation will be better than what it is now. Medium Term Target for Nifty for the year 2023 is 19004.
Important Supports: 18084, 17815 and 17456.
Important Resistances: 18301, 18473 and 18738.
