The Nifty, a major stock market index in India, is showing signs of positive momentum after a consolidation period. Analysts predict that it may find support at 19,700 and continue to climb towards the psychological milestone of 20,000. Furthermore, there is a possibility of reaching a new all-time high of 20,200. The optimism in the market is driven by various factors such as positive economic indicators, global market trends, and favorable investor sentiment. Investors and traders are closely watching the Nifty’s movement, as it has the potential to impact other sectors of the economy as well.
Nifty May Surge Towards 20,000 Mark, Likely to Get Support at 19,700
With the breakout of a seven-day consolidation, the Nifty is expected to gradually rise towards the psychological 20,000 mark and potentially hit a new record high of 20,200 in the upcoming sessions.
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