Strong support is placed at 23,300 which we expect to hold as it is the confluence of 61.80% retracement of the June-September rally (21,281-26,277) coinciding with the 52-week EMA at 23,350. Buying on dips in quality stocks would be the prudent strategy.
Selectivity is key as markets enter narrow, range-bound phase: Dipan Mehta
Dipan Mehta suggests that the market’s consolidation follows the RBI’s positive policy move, anticipating improved corporate earnings due to lower tax rates and a potentially
June 11, 2025