F&O Talk: Nifty may consolidate further; Sudeep Shah’s strategy on TCS, HDFC Bank, Infosys

June 7, 2026

Indian stock markets, Sensex and Nifty, closed lower following the RBI’s hawkish stance, despite falling oil prices. Analyst Sudeep Shah anticipates a consolidation phase for Nifty, with key support at 23,100-23,050 and resistance at 23,550-23,600. Bank Nifty shows resilience, while IT stocks underperform.

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