Nifty may trade in 16,450-17,450 range: Analysts

October 17, 2022

Though the market saw a bounce-back from 16,747, the move got capped at 50% of the retracement of the fall (18,096-16,747) around 17,429. Consensus expectations of Nifty EPS for FY23 broadly remain in a range of 850-865, implying 20 times forward PE limiting the downside and India maintaining its premium.

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