News From Press Nifty50 index likely to scale 16,000 in Q2, say technical analysts

Nifty50 index likely to scale 16,000 in Q2, say technical analysts

Experts said the performance of banking and energy stocks, mainly Reliance Industries, will be the key for the market to hold on to current levels

Source: Business Standard May 29, 2021

The benchmark Nifty50 index hit a fresh high for a second day in a row on Friday, closing at 15,435.65. Analysts believe the index could head towards 15,600 in the near term as many technical indicators are currently flashing positive signals.

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