Nifty May Rebound to 23,800 Despite Weekly Losses
· Business · Economic Times, Moneycontrol
The Nifty index may see a short-term rebound toward 23,600–23,800 if it maintains support above 23,300, according to Rupak De of LKP Securities. The index has experienced five consecutive weeks of decline, losing approximately 2% in the most recent week. Technical indicators show the index is currently in an oversold zone, though the broader weekly trend remains bearish. Analyst Rupak De has recommended Apollo, Laurus Labs, and Eternal as tactical stock picks for the week. The market outlook remains cautious as investors monitor crude oil prices.
Why it matters
The Nifty's performance directly impacts retail investor portfolios and sentiment across the Indian equity market.
Read the original report — Economic Times
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