Nifty 50 Outlook: Brokerage firm Axis Securities has presented Nifty 50 Outlook for December 2022. The brokerage firm has issued a positive outlook for the equity market in the long run.
Nifty 50 Outlook: 20200 could touch the level
Analysts at the brokerage firm said that the Nifty could touch the 20200 level by December 50, 2022. The brokerage firm has set a target of 20200 by the end of this year. Not only that, the company also suggested buying some strong shares. Investors can add these stocks to their portfolio if they wish.
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The outlook is positive for the long term
Axis Securities presents a positive outlook for the long term. The brokerage firm said the increase in capital expenditure would help banks boost credit growth. Investors can also invest in good quality stocks at this time. This is a good time for investors.
You can buy these shares
Large cap shares
TCS, Vedanta, Coal India, SAIL and SBI
Oil India, Canara Bank, Dalmia Bharat, Persistent, Chol Investments & Finance
Share small caps
Finolex Industries, Birla Soft, Chambal Fertilizer, Reddington India, Gujarat Narmada Valley Fertilizer
(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-Business opinion. Consult your advisor before investing.)