Indian Nifty Index Poised for Breakout as Analysts Spot Shifting Momentum

The Nifty benchmark hovered near 24,175, requiring a move past 24,200 to confirm bullish strength. Market strategists recommend specific option spreads and highlight stocks like HEG and Laurus Labs for targeted gains.

31 Aug, 03:20 — 31 Aug, 03:20

Post Share

Sources

Showing 1 of 1 sources

economic-times1d ago

Is Nifty set for a breakout? Analysts see signs of a shift ahead

Nifty hovered near 24,175, needing to clear 24,200 to regain strength. Analysts suggest bullish option spreads for rebounds and caution against a 23,900 break. HEG and Laurus Labs are recommended buys with specific targets and stop losses. Glenmark Pharmaceuticals and Shipping Corporation of India also present buying opportunities. Newgen Software and Elgi Equipments show positive chart setups for investors.

Read full article →

Indian Nifty Index Poised for Breakout as Analysts Spot Shifting Momentum

Sources

Is Nifty set for a breakout? Analysts see signs of a shift ahead

Related Stories

Shein Shares Plunge 10% in Hong Kong Stock Exchange Debut

Japan’s Benchmark Bond Yield Hits 3% for First Time in Three Decades

Tim Cook Steps Down as Apple CEO as John Ternus Takes Over

France moves to impose fines on Chinese fast-fashion giants Shein and Temu