Nifty 50 reclaims 24,000: Five market experts predict the index's short-term outlook
New Delhi, June 24 -- Stock market benchmark Nifty 50 reclaimed the psychologically important 24,000 mark on 24 June, largely due to short covering in select heavyweights, a further decline in crude oil prices, and declining intensity of FPI selling.
The equity barometer ended at 24,021.65, up 198 points, or 0.83%.
Experts expect the market to remain in positive territory but warn of key hurdles ahead.
We gathered the views of five experts on how they see the index's short-term outlook. Let's take a look:
Chouhan believes that as long as the index is above 23900, the pullback formation may continue. On the higher side, the rally could extend to 24,150-24,200, while below 23,900, sentiment could change and the index could retest 23,800...
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