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The Economic Times

Markets / The Economic Times

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Nifty at crossroads: Somil Mehta on why 23,000 is the line that cannot break

Indian equity markets are poised for a short-term bounce from the 23,000 Nifty 50 level. Technical analysts anticipate a recovery towards 23,500-23,600. However, the broader trend signals caution, with a medium-term target of 22,750. Investors should focus on specific sectors like Power, Pharma, and IT for potential opportunities. The upcoming truncated week may see increased volatility.

20 Mar 2026 3:07 pm