After a three-week rally, Nifty has turned bearish on technical charts. Analysts say the index must defend the 23,800 level to retain its bullish undertone; a breach could spark extended profit-taking, dragging it toward the next major support at 23,400.
However, a sustained move above 24,200 could reignite buying momentum, opening the path for the 24,550–24,700 zone. Stocks offering short-term trading opportunities include Bharti Airtel, Godrej Consumer, Grasim, Havells, ICICI Bank, Marico, Sun Pharma, Tata Consumer, Navin Fluorine, Persistent Systems, Aarti Industries, and UltraTech Cement.
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RAJESH PALVIYA HEAD TECHNICAL & DERIVATIVES, AXIS SECURITIESWhere is the Nifty headed this week? The index formed a small bullish candle…
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