{
  "id": 15155442,
  "title": "F&O Talk: Nifty’s break above 23,450 could push index to 23,650; Sudeep Shah picks Tech Mahindra, TCS strategy",
  "url": "https://urgent.news/2026/10/17/f-o-talk-niftys-break-above-23-450-could-push-index-to-23-650-sudeep",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-17T07:27:50.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/expert-view/fo-talk-niftys-break-above-23450-could-push-index-to-23650-sudeep-shah-picks-tech-mahindra-tcs-strategy/articleshow/135009790.cms"
  },
  "original_language": "en",
  "account": "The Nifty index experienced consecutive days of gains on Friday, bolstered by strength in IT stocks, auto, metal, and PSU banking shares. Analyst Sudeep Shah, Head of Technical & Derivatives Research at SBI Securities, discussed the outlook for the Nifty IT sector, FII inflows, and an index strategy for the upcoming week. In the Nifty IT sector, the stock has surged 15.5% from its recent low of 28,232, with the RSI indicating strong bullish momentum. The stock is close to breaking its lower-low, lower-high structure, with the immediate resistance at 32,000-32,200. For TCS and Infosys, the stocks have also experienced pullbacks but are holding strong support levels, with TCS at the 200-day EMA and Infosys at the Rs 980-990 zone. FII positions have turned net buying for the first time in 15 sessions, raising the possibility of further support for the index's ongoing pullback.",
  "summary": "SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks and media leading. He flags key resistance levels, banking earnings, improving FII flows and continued large-cap outperformance, while warning that a durable reversal remains unconfirmed.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}