Geopolitical tensions are expected to keep the Nifty volatile next week, with the index hovering near a key support zone. Analysts suggest a bearish outlook below 24,700, targeting 24,000, while a move above 24,800 is needed for sentiment stabilization. Trading strategies include a Bear Put Spread and selective stock picks.
Nifty slide may extend to 23,535 but mean-reversion bounce possible, says Anand James
Nifty’s breach below its 200-day moving average intensifies correction fears, with geopolitical tensions and weak global cues weighing on sentiment. Geojit Investments’ Anand James outlines