India’s economy is expected to grow. S&P forecasts 6.8% growth this fiscal year and 6.9% next year. Strong urban consumption and infrastructure investment will drive growth. Inflation is expected to decrease. The RBI may ease monetary policy. The current fiscal year’s second quarter growth was 5.4%. Several challenges remain, including weak household balance sheets and a competitive global manufacturing environment.
Market Outlook for 2025: Nifty faces tough resistance at 23,780, says Rohit Srivastava
So, on the downside, then we will again look at retesting 23,200, the lows that we made last month and if that breaks, then possibly
January 1, 2025