Experienced technical traders, where do you see Nifty heading next?
- Towards 20000
- Towards 30000
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voters
Do share your thoughts, and if possible analysis as well.
Well, let me tell you the secret elixir. Nobody knows what Nifty is going to do tomorrow, go up, go down or go around in circles.
As traders, we only follow the price and let the prices take us to 10,000 or 40,000 - it simply doesn’t matter.
Fundamentally though, like I am saying for the last 2 years. The Indian economy is not in a great position and the data that we get is massively fudged.
No one knows where Nifty is going to go, let alone time it with any certainty. As a trader, I just follow Nifty to where it takes me 
I believe the Nifty50 index is definitely on its way to reaching 30,000, aiming for new highs down the line.
The real question is whether it will hit 30,000 before it drops to 20,000.
I’m completely confident about it reaching 30,000.
But the possibility of it sliding to 20,000? That’s a bit unclear for me.
A country’s main stock index is expected to rise over time, either by its natural movements or through efforts made to give it a boost.