BusinessPhoto: Mint MarketsJigar Patel Advises Buy-on-Dips Strategy for Nifty Amid Correction
The Sensex and Nifty 50 fell over 2% in the week ending October 23 due to rising crude prices, following a prior 1,000-point rally. Jigar S. Patel of Anand Rathi noted the hourly RSI crossed 70 for the first time since August 2026, indicating strong momentum despite a 700-point correction. He recommends buying on dips if Nifty stays above 22,200 daily, warning a close below this weakens the bullish outlook. Bank Nifty shows signs of easing selling pressure with bullish RSI divergence.
Mint Markets·


