F&O Talk: Nifty consolidation to continue says Sudeep Shah; gives Tata Motors, Lenskart, Honasa strategy

Nifty remains range-bound amid falling volatility, with 24,200–24,150 as key support and 24,550–24,600 as resistance. Options data shows strong Put writing, suggesting limited downside. Analysts prefer PSU banks, while defence, auto and chemicals remain technically strong.

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