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Below the Comment on Nifty @ 25000 by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker

The Nifty50 touching the 25,000 mark is yet another proof of strong economic growth, growing corporate earnings and rising investors’ participation. This event should be seen as a founding stone of the next phase of growth over the medium to long term. Expectations of strong growth in the domestic economy, positive news flow on interest rates in the USA and policy tailwinds should support stock prices going forward, rewarding investors.

Investors should ideally own stocks of companies with strong balance sheets and a track record of earnings growth at this juncture. Expect stock specific movements in the near term.

If the Nifty50 sustains above 25,100, then 25,600 should be the next target. The psychologically important level of 25,000 will play a crucial role here. Nifty50 should take support at 24,800 and 24,500. As the Nifty50 ventures into uncharted territories, respecting stop-loss is non-negotiable.

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