Nifty formed a small negative candle on Friday, with an ongoing trend of higher highs and lows. The index shows a choppy but positive bias, potentially reaching 25,000-25,100 soon. Immediate support is at 24,650. Weekly charts indicate a positive candle and a filled down gap resistance at 24,700.
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