Ajit Mishra of Religare Broking said that 24,000-24,200 zone has emerged as the next major support for Nifty. He also said that Indian Bank, PB Fintech and Shriram Finance are showing a bullish setup.
Kunal Kamble of Bonanza recommends Mphasis, Rico Auto Industries, and Tenneco Clean Air India as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.
Shrikant Chouhan of Kotak Securities recommends Kajaria Ceramics and Vedanta Aluminium as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators
Anand James of Geojit Investments recommends Ircon, Aegis Vopak Terminals and Vardhman Textiles as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.
Technically, the Nifty has reclaimed the immediate resistance zone formed by the 20-day and 100-day DEMA, indicating an improvement in the near-term technical setup.
Only a breach below 24,000 will weaken the structure; otherwise, intraday dips toward the support zone of 24,150-24,180 should be used as a buying opportunity, said Jatin Gedia.
Geographically, DCB has a diversified pan-India presence with a stronger footprint across western and southern India, while continuing to expand selectively into underpenetrated markets.