Nifty May Rise to 23,650 if It Holds Above 22,750: Sudeep Shah
SBI Securities' Sudeep Shah expects Nifty to recover if it sustains above 22,750, potentially reaching 23,650. He highlights IT, private banks, and media sectors as leaders, noting key resistance levels, banking earnings, improving foreign institutional investor flows, and ongoing large-cap outperformance. However, he cautions that a confirmed durable reversal is yet to be seen.
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