Top Technical Stock Picks: Axis Securities names 12 stocks for Samvat 2083 and up to 50% upside
The market is currently at a make-or-break juncture, according to Axis Securities in its latest note for Samvat 2083. As long as the Nifty 50 holds its key support of 22,100, the index has the potential to stage a recovery towards 23,600 - 24,000 levels and a break above that could even take it to 25,000. However, if the index breaks 22,000, the structure weakens further and that could open doors to further downside towards 21,500 - 21,000 levels.
The market is currently at a make-or-break juncture, according to Axis Securities in its latest note for Samvat 2083. As long as the Nifty 50 holds its key support of 22,100, the index has the potential to stage a recovery towards 23,600 - 24,000 levels and a break above that could even take it to 25,000. However, if the index breaks 22,000, the structure weakens further and that could open doors to further downside towards 21,500 - 21,000 levels.
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