Nagaraj Shetti of HDFC Securities believes the Nifty’s short-term outlook remains positive, but with limited movement. The market is poised to test the resistance level of 24,960, established during the opening down gap on August 2nd. If successful, the Nifty could reach 25,100 within the next week. Immediate support is currently at 24,650.
ETMarkets Smart Talk | IT, Pharma face global headwinds; Banks and Telcos offer safety: BNP Paribas’ Abhiram Eleswarapu
The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services
April 15, 2025