Nifty could rise to 23,400 in pre-poll rally: ICICI Securities

ICICI Sec expects Nifty to form a ‘durable bottom’ in the February-March period wherein 20,500-20,800 levels could be a strong support. “Usual bull market corrections in Nifty are around 8% (multiple cycle average) followed by new highs,” the analysts said. “Volatility from hereon should be embraced as a buying opportunity.”

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