A positive break of 24,400 could take Nifty to 24,700: Analysts

August 12, 2024

Conversely, in case of profit booking, the index might drop to levels around 23,700 or 23,400, say technical analysts. Stocks recommended by analysts for long positions include Alkem, Asian Paints, BPCL, Cipla, HDFC Bank, Hindustan Unilever, BSE, Oil India, and CEAT.

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Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to

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F&O Talk| Trade turmoil triggers technical breakdown: Nifty sheds 1,000 pts in 8 sessions. Sudeep Shah weighs in

Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most,

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