ICICI Sec expects Nifty to form a ‘durable bottom’ in the February-March period wherein 20,500-20,800 levels could be a strong support. “Usual bull market corrections in Nifty are around 8% (multiple cycle average) followed by new highs,” the analysts said. “Volatility from hereon should be embraced as a buying opportunity.”
F&O Talk: Nifty’s bullish structure intact after best week in 5 years; Sudeep Shah on HDFC Bank strategy, picks 5 stocks this festive season
Nifty surged 8% to post its strongest weekly gain in five years, supported by improving technical indicators and bullish momentum. SBI Securities’ Sudeep Shah discusses