Nifty Faces Critical Support Range Amid Technical Rebound Hopes
Nifty has dipped significantly, nearing a critical support range of 22,000 to 22,600, catching the attention of traders looking for a potential technical rebound in the oversold market.
Analysts recommend buying Indian Hotel and Mankind Pharma stocks, highlighting ambitious targets and stop-loss settings.
Conversely, caution is warranted for IOC and Torrent Pharma, which display signs of decline.
Market Strategy Appears Optimistic for October
The market strategy appears optimistic for October, tapping into seasonal recovery prospects.
Senior technical analysts and research experts from various brokerage firms have shared their insights on the current market situation.
ROHAN SHAH, SENIOR TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT INTERMEDIATES, suggests that the market may be due for a technical rebound.
Sajit MISHRA, SVP-RESEARCH, RELIGARE BROKING, recommends buying Indian Hotel and Mankind Pharma stocks, highlighting ambitious targets and stop-loss settings.
PABITRO MUKHERJEE, DEPUTY VICE PRESIDENT, TECHNICAL, BAJAJ BROKING, cautions that caution is warranted for IOC and Torrent Pharma, which display signs of decline.
