So, it looks like there is a long way to go for the market. Yes, in the near term, 25,000 being a psychological level, we may see some profit booking. But eventually, we should be heading towards a target of 25,200 for Nifty, with strong support at 24,400.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings