Amidst geopolitical tensions and potential oil price surges due to US-Iran conflict, Indian markets show resilience. Nifty and Bank Nifty face key resistance levels, while IT sector interest remains strong but cautious. Financial services attract FII buying, and mid/small caps outperform, favoring fundamentally strong companies. Investors should hold winners like Swiggy and losers with support levels.
F&O Talk: Big break above 23,200 can open doors for 23,500 for Nifty; Sudeep Shah picks 6 stocks ahead of Diwali
Nifty could extend its recovery towards 23,500 if it decisively breaks above the 23,150–23,200 resistance zone, says SBI Securities’ Sudeep Shah. He also shares his
October 31, 2026