Analysts back buy-on-dips strategy as Nifty eyes 24,300–24,600

Multiple analysts recommend a buy-on-dips strategy for Nifty, targeting 24,300 to 24,600 with key support around 23,800 and immediate resistance at 24,500 to 24,600. Bank Nifty has rebounded from its 40 DEMA, with support at 56,550 to 57,400 and resistance at 58,706 to 59,250. Top stock picks with buy ratings include BEML, Blue Star, Steelcast, Sobha, Grasim Industries, and Knowledge Marine & Engineering Works.