Will Nifty touch 24,000 this week? Top 5 factors at play?
But recent Nifty changes point to a time-based correction. "A near-term consolidation appears likely as domestic investors watch for indications from the upcoming union budge," the report reads.
Among the sectors, however, the results have been varied. This year, the leaders have been Nifty Auto and Realty, which are up 44% and 38%, respectively, while the laggards are Nifty Media and Nifty IT, which are down 14% and 3%, respectively.
Investors can choose index funds or ETFs (Exchange Traded Funds) based on the indexes to profit from the anticipated outperformers. But bear in mind that, among other considerations, you ought to select passive funds according to criteria like liquidity, expense ratio, tracking error, and tracking difference. If there isn't a fund that tracks the index, or if you want to bet on individual stocks, we've recommended stocks that are index components that have optimistic charts.This Are the following Sector Which Can be Grow 2024
Nifty IT (34,599)
Nifty Media (2,058)
Nifty FMCG (57,226)
Nifty Private Bank (24,777)
Nifty Pharma (19,896)
How to do Nifty forecasting?
It is difficult to predict changes in the Nifty index since it requires examining several variables that together affect the dynamics of supply and demand in the market. Fundamental and technical are the two main categories into which these elements can be generally divided. Based on financial performance, growth potential, competitive advantage, industry forecast, and macroeconomic factors, fundamental analysis examines inherent value. Technical analysis, on the other hand, examines price patterns, trends, volume, momentum, and indicators that reflect the psychology and behavior of the market. More accurate forecasts for the future movements of the Nifty are frequently produced by a well-rounded strategy that incorporates both technical and fundamental analysis.
