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Nifty Expected to Consolidate Further, Analyst Picks Three Stocks

SBI Securities' Sudeep Shah predicts Nifty will remain range-bound, identifying 24,000 as support and 24,500 as resistance, while also recommending three specific stocks for the upcoming week.

22 Aug, 07:04 — 22 Aug, 07:04
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economic-times10d ago

F&O Talk: Nifty to consolidate further, says Sudeep Shah; picks 3 stocks for next week

SBI Securities’ Sudeep Shah expects Nifty to remain range-bound, with 24,000 as key support and 24,500 as resistance. He warns of underpriced options-market tail risks amid low volatility. Bank Nifty remains compressed, while Nifty IT faces support at 30,000. AU Small Finance Bank, Aditya Birla Capital and Nippon Life offer setups.

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