Neutral impactEconomy
Expert View: ICICI Securities' Jay Thakkar sees Nifty holding key support at 24,000; 25,000 could be the next BIG target
ET Now 10 hrs ago·1 Aug 2026, 3:22 am
A leading market expert has identified a crucial support level for the broader Indian equity market. According to Jay Thakkar of ICICI Securities, the Nifty 50 index is currently holding strong near the 24,000 mark. This level is seen as a critical floor, preventing a deeper decline in the market. Investors are advised to watch this area closely, as a breach could signal further weakness, while a firm hold might indicate the index is stabilizing.
The analyst also highlighted a significant upside target for the index. Thakkar suggests that 25,000 could act as a major psychological level for the market to aim for in the near future. This target represents a key milestone that bulls will need to overcome to sustain an upward trend. Market participants should monitor the index's ability to maintain momentum above this critical support level to gauge the strength of the current rally.
Excerpt from ET Now
Bank of India Bluechip Fund(G)-Direct Plan 1 Year Return: 6.50 3 Year Return: 13.69 5 Year Return: 11.59 Bajaj Finserv Large Cap Fund(G)-Direct Plan 1 Year Return: 4.19 3 Year Return: - 5 Year Return: - Quant Large Cap Fund(G)-Direct Plan 1 Year Return: 8.53 3 Year Return: 14.64 5 Year Return: - Taurus Large Cap…Read the original at ET Now
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
