Markets
Nifty close above 25,500 by November-end will trigger long-term buy signal: CLSA
Reported by: CNBC TV18 ·
Summary
CNBC TV18 reported that CLSA's Laurence Balanco expects the Nifty to climb towards 26,300, and said a close above 25,500 could trigger a rare long-term buy signal. The report adds that he shared his outlook on banks, IT, Reliance, crude oil, gold and global markets. The Nifty is the benchmark index of 50 large companies on the National Stock Exchange. A close means the index's level at the end of a trading day, not a level touched during the session. This is the analyst's view, not Hypeless's. The report does not give a date for the 25,500 level or the reasons behind the view.
AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18
Sources
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- CNBC TV18CNBC TV18 says it is part of Network18, which is controlled by a trust whose sole beneficiary is Reliance Industries.Read on their site
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CNBC TV18 · · Tone 0
Nifty close above 25,500 by November-end will trigger long-term buy signal: CLSA
CLSA's Laurence Balanco expects the Nifty to climb towards 26,300 and says a close above 25,500 could trigger a rare long-term buy signal. He also shares his outlook on banks, IT, Reliance, crude oil, gold and global…
Some headlines quote an analyst. Those views are theirs, not ours.
Key terms
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- Nifty
The Sensex and the Nifty 50 are scoreboards for a group of big Indian companies. Learn what they measure and how to read "Sensex up 300 points".
Learn: What are the Sensex and the Nifty?
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- What happened here, in simple words? Nifty close above 25,500 by November-end will trigger long-term buy signal: CLSA
- Where do the outlets differ in how they report this? Nifty close above 25,500 by November-end will trigger long-term buy signal: CLSA
- What does "Nifty" mean?