Conversely, in case of profit booking, the index might drop to levels around 23,700 or 23,400, say technical analysts. Stocks recommended by analysts for long positions include Alkem, Asian Paints, BPCL, Cipla, HDFC Bank, Hindustan Unilever, BSE, Oil India, and CEAT.
Tech indicators point to continued market weakness amid India-Pakistan conflict
Nifty’s recent correction was broadly anticipated. While the fall itself wasn’t a surprise, the geopolitical trigger adds a layer of concern. Technically, the index has
May 12, 2025