F&O Talk| Nifty to face resistance around the 25,400, consolidation likely in 2025: Rahul Ghose of Hedged.in
Sensex and NSE Nifty 50 indices fluctuated throughout the week, with a strong rally on Friday, December 13, driving modest weekly gains.
On Friday, the Sensex surged by 843.16 points (1.04%) to close at 82,133.12, while the Nifty 50 advanced 219.60 points (0.89%) to settle at 24,768.30, a recovery driven by easing food inflation, strategic price hikes by FMCG companies, and expectations of increased U.S. spending benefiting the IT sector.
Rahul Ghose, CEO of Hedged.in interacted with ET Markets, sharing his outlook on the domestic as well as global markets, along with certain sector and stock recommendations for the market participants. Following are the edited excerpts from his chat:
Let’s start with your views on the headline indices Sensex and Nifty. What does the movement in this week indicate?
The movement in Sensex and Nifty this week suggests a consolidation phase. Despite global uncertainties, Indian markets have exhibited resilience. The range-bound movement reflects cautious optimism among investors, with the focus shifting towards domestic cues like inflation data and RBI’s monetary policy outcomes. This consolidation could pave the way for directional moves depending on macroeconomic triggers.
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