Nifty is attempting a bounce back after breaking the 24,500 support level, now trading in a 24,300-24,500 range. Rajesh Bhosale of Angel One suggests focusing on stock-specific action, highlighting PSU banks’ strength. He recommends buying Indian Bank around 662, targeting 690, and Tech Mahindra around current levels, targeting 1580, citing bullish patterns.
F&O Talk: Nifty charts suggest further consolidation; Sudeep Shah’s strategy on Cohance, HEG and 4 more stocks
Indian markets corrected amid volatility, with Nifty entering a consolidation phase after a sharp April rally. Technical indicators suggest a range-bound trend with key support