School of Financial Literacy
School of Financial Literacy
January 22, 2025 at 05:04 AM
Most of the stocks I see — large-cap and mid-cap — have no real strength. In fact, majority look bearish across various sectors. Have been saying for many months to not have great return expectations from the markets in the near future. Nifty analysis for upcoming weeks: • A bounce of 300–400 points to 23400–23500 won’t be surprising. But it would just be a bounce, nothing more. • ⁠Next major resistance would be 23800–24200. Only when this breaks can we hope for a consistent move to 24750–25000. • ⁠Finally, breaking 25000 is essential for the markets to have any hope of touching the previous all-time high levels.
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