Nifty 50: Nifty at 15K? This is where you might find the valuation attractive

[ad_1] nifty 50 Monday’s 500-point intraday fall left investors wondering where the bottom is for the NSE barometer. The technical charts indicate some support at 15,670, followed by 15,400 levels, but analysts do not rule out a re-review of the sub-15,000 level. Fundamentally, while analysts believe it is pointless to forecast a downside at this level, given the global headwinds, around 15,000 levels are attractive on the index, with analysts advising investors to stay light for now. It will take “Maybe another 4-5 per cent, if the indices fall, we…

Sensex at new high, Nifty may reach above 18700 in 12 months; Volatility offers attractive opportunities

[ad_1] NSE nifty 50 And BSE Sensex Analysts at ICICI Direct expect it to hit an all-time high in the next one year on the back of good earnings growth. The brokerage firm has shifted its 12-month rolling target for Nifty 50 to 18,700, which will not only be a new all-time high but will also translate to a 13% upward move for the benchmark index from Wednesday’s closing price. This target for Sensex is 62,300. However, the target is a downward revision by ICICI Direct. Corporate earnings, a true…