Jatin Gedia of Sharekhan observes that the Nifty, after a drop from 25,100 to 23,900, is currently in recovery mode. He predicts a potential rally towards 24,520-24,651, aligning with the 50% and 61.82% Fibonacci retracement levels. The immediate support level is anticipated at 24,200-24,150, coinciding with the 40-day moving average
Short-term volatility may persist, but financials still the go-to sector: Rohit Srivastava
Rohit Srivastava suggests navigating short-term market noise and viewing dips as buying opportunities, particularly within the outperforming financials sector, including insurance companies and NBFCs. Nifty
April 16, 2025