Expert View: Nifty 50’s Potential Upward Move Above 23,300

Expert View: Nifty 50’s Potential Upward Move Above 23,300

Keywords: Nifty 50, Stock Market, Kapil Shah, Emkay Global

According to market expert Kapil Shah of Emkay Global, the Nifty 50 index has the potential to move upwards above 23,300 and towards 23,800. He believes that if the index can break above 23,300, it could open the way for a further rally towards 23,800.

The Nifty 50 index is a benchmark Indian stock market index that tracks the performance of the 50 largest companies listed on the National Stock Exchange. The index is widely followed by domestic and international investors as a gauge of the Indian stock market.

Shah’s view is based on the index’s recent technical analysis. He notes that the Nifty 50 has been trading in a range between 22,900 and 23,300 for the past few weeks. However, he believes that the index is now ready to break out of this range and move higher.

Shah is a well-respected market analyst with over two decades of experience. He is the Head of Technical Research at Emkay Global, one of India’s leading financial services firms. His views are closely followed by investors and traders in the Indian stock market.