Nifty 30K: in 2024 or 2025?

9月29日

Hello guys here is a bullish view and some technical analysis on nifty50.

As per the trend, we can see that a bullish pattern has been formed in the nifty chart, and if we consider that it will go up the same as its previous leg the target is coming near 30k

so whoever is thinking that it is taking time to bear please have some more patience guys and be with the trend, you never know how long this rally can be continued

In my view, global investors have to make positive and huge returns to maintain their fame and positive return cycle year after year, and right now apart from India, there is no country in place for these types of investors and market players.

Also as we can see per capita income is growing in India and as per that consumption will also grow eventually that will lead to industrial profit growth and compounding profits will lead the market to a higher and higher position surely there will be a fast correction in nifty for about 15-20% also but that will be a buying opportunity.

for the next 20 years, India is still going to see a huge rally or I can say an upward journey so be with trend long term investors and for short term traders wait for the levels and pattern to confirm that we are heading downwards.