Nifty is expected to consolidate, finding support around 24,500, with a potential upside towards 25,600 if it decisively breaks above 25,200. Technical analysts suggest that sectors like chemicals, capital goods, metals, real estate, and banking & financial services may show resilience. Stocks including HDFC Life, ICICI Bank, and Tata Chemicals are anticipated to exhibit bullish momentum for short-term trading.
Auto sector still robust, but limited upside left at current valuations: Anand Tandon
Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally.