ETMarkets Smart Talk: Stay put! Nifty50 likely to scale Mt 20K in FY23: Saurabh Jain

“In the short-term, particularly for the month of October, we see markets to remain volatile with a positive bias as corrections will be well supported at lower levels. Strong support for Nifty50 is placed at 16,500-16,300 zones and as long as these hold, we expect recovery towards 17,350-17,500 zones, which will be a strong hurdle for the bulls.”