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HomeRight Arrow Media CoverageRight Arrow In the NewsRight Arrow Nifty50 may hit fresh record highs in late 2022 or early 2023: Marc Despallieres

Nifty50 may hit fresh record highs in late 2022 or early 2023: Marc Despallieres

Nifty50 may hit fresh record highs in late 2022 or early 2023: Marc Despallieres

Featuring: Marc Despallieres, Chief Strategy & Trading Officer, Vantage

Overall, India has good demand, so the consumption-based sector will prove beneficial for economic growth

“It is quite probable that Nifty50 hits a new high in late 2022 or early 2023 with FIIs raising hope in the Indian market,” says Marc Despallieres, Chief Strategy & Trading Officer at Vantage.

In an interview with ETMarkets, Despallieres, said “The 50-day EMA has just crossed the 200-day EMA indicating a golden crossover and that will push the Nifty even further. The Nifty50 may test 18,100 levels till early September,”

Read the full interview on The Economic Times.