Nifty is near a key support level of 24,900. A break below could lead to further decline. Analysts suggest short positions in Nifty and select stocks. Profit-booking is advised around 24,500. A rally towards 25,200 presents selling opportunities. Buy-on-dips strategy is ideal. Aggressive longs should be considered above 25,550.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid