Wednesday, 26 July 2017

The Nifty Hit A Record High Of 10,000 For The First Time In History On Tuesday

The Nifty hit a record high of 10,000 for the first time in history on Tuesday, but looking at analyst estimates for the index, 10K just look like another number. Most analysts on D-Street expects the index to rally up to 10,500-11,000 levels by December 2017.

The journey will not be as smooth which we saw so far in 2017 but some more consolidation cannot be ruled out, suggest experts but the broader trend looks intact which is still on the upside.

Investors should wait for initiating fresh long positions at current levels and re-enter on dips. Most analysts do not rule out a dip of 2-3-4 percent from current levels. But, considering the fact that liquidity remains strong, most dips will be bought into.

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