The 24,500 level serves as a key resistance, and a sustained breakout above it could lead to further gains. Amid current volatility, traders are encouraged to adopt a buy-on-dips approach, provided the index stays above 24,000, according to Hardik Matalia, Derivative Analyst at Choice Broking.
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization