Through this video we are going to let you know how the Nifty and bank stocks in India will be performing and we opine that due to the positive global cues and good results from banks such as Kotak Bank and IDFC Bank, we may see market moving up provided level of 17800 is maintained.
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The upcoming PSU Bank services and State Bank of India results are also anticipated which will give direction to the market.
However, with the Karnataka state election and typical May market trends, there are uncertainties looming large and thus one need to keep the level of Nifty 17800 under close supervision. We believe that the range for the Nifty for May 2023 will be between 17,500 and 18,500, with Reliance indiceting potentially higher levels and on sustaining above 2,500 can target 2800/3000 level with the unlocking of Jio.
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