Posted 3/21/2024, 2:17:03 AM
Indian Stocks Consolidate Cautiously; Experts Recommend SBI, Colgate Palmolive, Delhivery
- After a sharp fall, Indian stocks consolidated with volatility on Wednesday. Two of three benchmarks rose while broader indices were flat.
- Vaishali Parekh of Prabhudas Lilladher said market bias remains cautious until Nifty breaches 22,000.
- Immediate Nifty support is at 21,700 and resistance at 22,000. Bank Nifty range is 45,800 - 46,800.
- Parekh recommended buying SBI, Colgate Palmolive, and Delhivery stocks today with targets and stop losses.
- Parekh said conviction in the market will only come above 22,000 zone for Nifty and 47,300 for Bank Nifty.