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Given the strong optimism, the bulls are likely to take the Nifty 50 to the 22,000-22,200 zone in near term with an immediate support at 21,800-21,700 levels, followed by crucial support at 21,500 mark, experts said.

A Moneycontrol survey of more than 50 Indian CEOs in January, days before the presentation of the interim budget, revealed a surge in optimism, with 70 percent planning substantial investments over the next six months, 49 percent indicating ambitious hiring initiatives, and 47 percent #39;very optimistic#39; about the Indian economy.

For the July-September period, Jio Financial Services had reported a net profit of Rs 668 crore, a jump of 101 percent sequentially. Total revenue from operations increased 47 percent to Rs 608.04 crore on a quarter-on-quarter basis

HCL Technologies has slightly reduced its revenue growth guidance for FY24 from 5-6 percent YoY in constant currency terms to now 5-5.5 percent, though it has maintained its margin guidance of 18-19 percent.

The Bank Nifty index, a major heavyweight, still lacks conviction, and its participation is crucial to strengthen momentum in the coming week.

For the July-September period, Jio Financial Services had reported a net profit of Rs 668 crore, a jump of 101 percent sequentially. Total revenue from operations increased 47 percent to Rs 608.04 crore on a quarter-on-quarter basis

For the July-September period, Jio Financial Services had reported a net profit of Rs 668 crore, a jump of 101 percent sequentially. Total revenue from operations increased 47 percent to Rs 608.04 crore on a quarter-on-quarter basis

For the July-September period, Jio Financial Services had reported a net profit of Rs 668 crore, a jump of 101 percent sequentially. Total revenue from operations increased 47 percent to Rs 608.04 crore on a quarter-on-quarter basis

For the July-September period, Jio Financial Services had reported a net profit of Rs 668 crore, a jump of 101 percent sequentially. Total revenue from operations increased 47 percent to Rs 608.04 crore on a quarter-on-quarter basis

Nifty still has some upside potential to move towards 22,200-22,400, but this could be the final stage of the rally, after which we could see strong profit-taking in the market.