Nifty 2022 Outlook: Nifty may make record again this year, these shares can outperform
Stock Market Outlook: This year Nifty can touch its record level once again and even then it may continue to have a bullish trend.
Nifty 2022 Outlook: Last year 2021 was very good for the Indian stock market and Sensex and Nifty 50 crossed many important milestones. Talking about this year, there is no sign of a straight line bounce in the market, that is, there may be sharp fluctuations. This year Nifty can touch its record high level once again and even after that it may continue with the bullish trend. However, if Nifty had to face strong resistance at the level of 18600 and Nifty Bank at 41800 level, then this would not be possible.
Talking about the lower end, Nifty will get support at the level of 15700-15400 and slipping below it can show a declining trend. Talking about Bank Nifty, it may have to face strong resistance at the level of 41800. At the lower level, it is getting support at the level of 32750 and if Bank Nifty slips below it, then it can show a declining trend.
Stock Tips: These two stocks will make great earnings, this is the opinion of market experts about Nifty
These stocks can do better than Nifty
In the coming times, the chances of a particular sector performing is less and the market should focus on stock-specific investments instead of sector-specific ones. However, traditionally defensive low beta stocks and some financial stocks may do better. Investors can earn handsome profits by investing in TCS, Infosys, ITC, Lupine, Star, Cipla, SBI, ICICI and Axis Bank.
Market outlook in 2022: How will the market move in the new year? Experts are relying on these stocks
Nifty 50 stronger than Nifty Bank in 2021
If we see from the low level of March 2020, Nifty completed the journey of about 11 thousand points in the year 2021 from this low level while Nifty Bank completed the journey of more than 24 thousand points. However, the performance of Nifty Bank in comparison to Nifty last year was weak as Nifty 50 gained 23.79 per cent last year while Nifty Bank gave a return of 13.63 per cent.
(Article: Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and Founder of EquityResearch.Asia and Chartwizard.AE. Vaishnav can be contacted at firstname.lastname@example.org.)
(The stock recommendations given in the story are from the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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