The Nifty closed 26 points lower on Budget day amid high volatility. Analysts see strong support at 23,300, with resistance at 23,500–23,600. A decisive breakout could push Nifty toward 24,000, while a drop below 23,280 may trigger panic.
Short-duration and accrual strategies better positioned amid abundant liquidity, says Devang Shah of Axis MF
Devang Shah of Axis Mutual Fund suggests short-duration strategies for better yields. A recent rating upgrade offers a slight boost, but won’t drastically change corporate
August 21, 2025