Nifty Target in 2023

We are trying to answer the query that what will be Nifty Target in 2023 and also provide a strategy for traders to make money.

Nifty target 2023

Goldman Sachs predicts Nifty50 to touch 20500 mark by 2023 end.

As the new year approaches, global brokerage giant Goldman Sachs released its prediction for India for FY23. It forecasts a 5.9% GDP growth in India in 2023. The international broker predicts the Nifty50, the NSE's flagship index, to reach 20,500 by the end of 2023, implying a 12% gain.

Furthermore, the banker expects the RBI's repo rate to be 6.75% by February 2023, up from 5.90%

They point to India’s strong domestic fundamentals as the main reason. PS – oil prices are down more than 20% from their peak. As we all know, India imports 83% of its total oil requirements. Lower oil prices would strengthen Govt finances, and boost consumer spending and corporate profits. Goldman Sachs forecasts corporate profits to grow 15% over the next two years, which is a positive.

Government focus on capital expenditure, solid corporate health and a well-capitalized banking system should further boost India’s medium-term growth prospects, they added. Going forward, they are bullish on Banks, Insurance, Industrials and Cement sectors.

Having said that, valuations have turned slightly expensive. At 22x one-year forward P/E, Indian equities are trading at a significant premium to their historical and regional average. This in turn may limit the upside for stocks, according to Goldman. Improving global economic factors like easing inflation worries and China reopening may also restrict the outperformance of Indian stocks. 

Traders can use Leaps which is a long-term options selling technique and can sell Nifty Dec 2023 for strike CE 24000 and can pocket the premium. Selling options requires deep pockets and thus retail traders should keep away from it and stick to buying options whenever momentum occurs in the market. Make use of our Nifty target for tomorrow and make money on a daily basis while trading intraday options.

Nifty 50 target

As the Nifty went past the 18,000 mark a couple of days ago, all market players and investors are eagerly waiting for the index to hit a new all-time high. Many analysts expect the Nifty to reach the 19,000 mark in 2022 but they advise moderation while taking fresh positions. Indian-Share-Tips.Com Advisors said that the chances of Nifty reaching 19,000 by 2022 is very likely 

The index has been in a rising trend since Sep 2022 when it went above 18000 level. The Nifty has been trading in this range with small gains or losses, however, it is expected to reach 19000 by Dec 2022.

Many analysts expect the Nifty to reach 19,000 mark in 2022 but they advise moderation while taking fresh positions.

The Nifty 50 target is 19,000 for year 2022.  There are many factors that can lead to an upward movement of the index and hence they expect it to cross the 19,000 level in 2022.

The current market situation is expected to remain stable with little volatility over a period of time as investors look at businesses with strong fundamentals or those offering good growth potentials.

• The Indian market has been performing well since 2022 as it showed an over 20% rise during this period (Nifty50). So far so good!

• There seems to be a lot of optimism among investors who believe that there will be more gains coming up soon because global markets have become quite volatile recently due to political uncertainties arising.

• Nifty has risen sharply since November 2020. This is a sign that the index may continue to rise at this rate.

• A sharp rise means that the rise has been steep and is not good for an investor who wants to make profits from his investments in stocks.

In short, overbought refers to an asset that has been trading above its historical average price range compared to its current price range; while sharp rise refers to an asset whose price has risen sharply beyond its historical average price range compared with its current price range

The index is currently at 18,000 levels but it could rise up to 19,000 by Dec 2022 if there are no major upsets in its trading range. Nifty has been trading in a tight range for the last few weeks due to weak crude oil prices and rising levels of capital inflows into India's stock markets.

You may be wondering why we are targeting 20,500 levels. The simple reason is that this is a good target and achievable if all goes well. If the world markets continue to do well and there are no major reasons for a correction then we will have to wait till 2023 before we see Nifty touch the 20500 mark. Initially though, Nifty can touch 19,000 levels (if world markets continue to do well and there is no major reason for a correction), we feel that if everything goes on track without any hurdles then we will have to wait till 2023 for Nifty to reach 20500 mark.

The target looks achievable given the momentum but a cautiously optimistic view is advocated at this point of time

Nifty has shown a sharp rise since November 2020, with a significant upside momentum that can be seen in daily closing prices. On the other hand, it has also shown an overbought condition amid a rising trend of prices and higher volume compared to previous days (see chart).

At the end of the day, 18000 is a very important number for investors and one should take a cautious view while investing in Nifty 50 and can look for around 10% returns in  year 2023 from Nifty inestment.