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F&O Talk: Nifty to remain rangebound, says Sudeep Shah; picks 8 stocks for next week
Indian stock markets concluded the week with modest gains, as Sensex and Nifty erased earlier surges on monthly expiry day. Analysts observe Nifty's consolidation, with key support at 23,750-23,800 and resistance at 24,250-24,300. Bank Nifty shows outperformance, eyeing 58,800 for further upside. Derivatives data suggests improving sentiment, with FIIs reducing bearish bets. Sectors like Private Banks, Auto, and Pharma appear strong.
Indian stock markets concluded the week with modest gains, as Sensex and Nifty erased earlier surges on monthly expiry day. Analysts observe Nifty's consolidation, with key support at 23,750-23,800 and resistance at 24,250-24,300. Bank Nifty shows outperformance, eyeing 58,800 for further upside. Derivatives data suggests improving sentiment, with FIIs reducing bearish bets. Sectors like Private Banks, Auto, and Pharma appear strong.
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