Analyst sees Nifty facing 22,850 hurdle and flags HAL, IndiGo, BHEL
In short
Ajit Mishra of Religare Broking said Nifty has a hurdle at 22,850, which matches the 20-DEMA. He also recommended HAL, IndiGo and BHEL for trade.
This matters for traders watching short-term market levels and stock picks. The reporting does not say how long the level will hold or what could change the view.
What the reporting says
Ajit Mishra of Religare Broking said on Wednesday that Nifty faces an immediate hurdle at 22,850, aligned with the 20-DEMA, and kept a cautious stance. In the same market note, he recommended HAL, IndiGo and BHEL for trade. The reporting gives a near-term technical level but does not state a broader index forecast or time frame beyond the cited market view.
Why it matters
Ajit Mishra’s market view places Nifty under a technical barrier at 22,850, with the 20-DEMA cited as the matching indicator. He also named HAL, IndiGo and BHEL as trade ideas. This is relevant to short-term market participants, but the reporting does not provide earnings, valuation, or macro reasons for the cautious stance.