Amidst escalating geopolitical tensions, Indian markets faced a downturn, with the Nifty and Sensex both declining. Analyst Sudeep Shah suggests a cautious approach, highlighting crucial support levels for the Nifty at 24450 and resistance at 24900. He anticipates pressure on oil marketing and aviation sectors due to rising crude prices, while defense and IT sectors may outperform.
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SBI Securities expects Nifty’s breakout to strengthen if it crosses 24,450, opening the door to 24,900. While small-caps continue outperforming, Bank Nifty retains a positive