There is lot of uncertainty; cash holdings are rising: Ronald O’Hanley, State Street
The best word to describe the situation is the one you just used: uncertainty. Remember, it’s less than 60 days into this administration. And a lot has been flooded into the marketplace. There’s been a lot of executive orders.
Nifty bullish, could touch 23,800: Analysts
On weekly chart, the index has formed a long bullish candle. The FII long-short ratio stands at 0.47, indicating short-covering by FIIs. The index has closed above the declining channel from its all-time high of 26,277 on weekly chart, signaling the potential for further upward movement towards 23,800 and 24,000.