Rupak De of LKP Securities maintains a bullish outlook on Nifty, anticipating a rise to 25,000-25,250 if it holds above 24,800. Despite Bank Nifty’s weakness, he recommends buying UNO Minda and Lupin, citing positive technical indicators. Conversely, De suggests selling Axis Bank due to bearish signals and its position below the 21 EMA.
Sebi proposes changes to simplify nomination rules
Sebi has proposed simplifying nomination rules for demat accounts and mutual fund folios, making it the default option for new investors. This change aims to