Will Nifty Finally Cross 26,277? Six Triggers to Break the 421-Day Stalemate
Nifty ended the week up 0.6%, nearing its all-time high of 26,277 reached on September 27, 2024, closing at 26,068.15. Investors are eager for it to finally cross this threshold after 421 days. Key domestic and global events this week will impact market sentiment.
Key Influencers on Nifty’s Movement
1. US Market Trends: Positive cues from U.S. markets may boost investor confidence.
2. Corporate Actions: Watch for dividends affecting several stocks this week.
3. FII/DII Activity: Foreign investors sold equities worth Rs 188 crore recently, contrasting with domestic purchases.
4. Technical Analysis: Nifty’s resistance at 26,200 remains crucial; a breakout could lead to record highs.
5. Rupee vs Dollar: The rupee’s recent weakness against the dollar complicates matters.
6. IPO Developments: Upcoming IPOs could influence trading dynamics.
As these factors unfold, traders will closely monitor Nifty’s potential to break the long-standing barrier of 26,277.