F&O Talk: 23,270 is a key Nifty hurdle; Sudeep Shah picks 5 stocks, discusses PB Fintech, Turtlemint strategy
Nifty ended at 23,140.50 after an eighth consecutive weekly decline, with technical indicators remaining bearish. Analysts identify 23,300 as key resistance and 23,000 as options-based support, while Pharma and Healthcare remain relatively stronger amid persistent global market pressures and volatility.
The Indian stock market witnessed a slight recovery on Friday, with both Sensex and Nifty closing in the green, up 0.4% and 0.3% respectively. Earlier, Nifty 50 had climbed 77 points to 23,140.50 after recovering from a sharp drop the previous day. Broader markets, however, remained mixed, with Nifty Midcap 100 in the red and Nifty Smallcap 100 in the green. Analyst Sudeep Shah, Head of Technical & Derivatives Research at SBI Securities, discussed various market aspects with ETMarkets.
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