As of now, Nifty manages to surpass its resistance level which was coming at around 17,000. 17,100 level that was acting as a strong resistance level has given a breakout of the same level and I believe this pullback rally is likely to be extended towards 17,400 levels, probably it is going to touch a bit of 200-DMA.
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