Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, on Thursday expressed a cautious yet optimistic stance on the Indian equity markets. The market expert noted that the Nifty50 index has established a new long-term support level around 25,000, up from the previous 24,500.

Bathini emphasised that the market is currently in a "wait and watch" phase, with future movements contingent on developments in the India-US trade negotiations and the ongoing earnings season. Advertisement

He stated, "Whether we are going to witness a leg-up rally from here? That all depends upon the outcome of the India and US trade deal and also any blockbuster results from the earnings season." The expert further added, "If both could give positive news, definitely markets are headed for new h

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