Nifty Target Price: Nifty breaks out of 31-day consolidation cage. Will stock market hit record high this week?
After Nifty broke out of a 31-day long narrow consolidation phase on Thursday’s monthly expiry, bulls are now betting that a fresh all-time high could come in the next few days given FII buying amid favourable global macro set-up, crude oil’s 11% weekly crash, July’s historically bullish seasonality, and Trump’s trade deal hints.
In just four trading sessions, the Sensex has rocketed 2,162 points in a non-stop rally, now sitting less than 2,000 points from its all-time record high. The Nifty has simultaneously climbed to its highest level since October 1, 2024, and needs only 640 points to look past the September peak of 26,277.
FII Firepower Ignites Markets
The catalyst for this dramatic breakout? Foreign institutional investors…
