We have seen the new All Time High for Nifty Index on 15 September 2023.
After that, there has been a healthy retracement of about 1400 points.
New ATH & Next Target
In Yesterday’s Nifty closed just 111 points below the previous All time high.
Now as per the trend there is a strong probability of Nifty to break the previous ATH and create a new one.
The next target for Nifty can be 20246 and 20306.
Nifty Trend Analysis
Factors that can lead to continue bullish momentum include Pre Elections rally and Positive OPEC rating for India.
Based on the technical aspect, the 1991 has become a strong support level to confirm the Bullish Trend.
Traders and investors can stay bullish above 19991 and above 20133 we can see 20246 in a day or two.
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