MediumPositive
Announced Mon, 6 Jul · 06:11 IST

Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Multiple technical analysts recommend a buy-on-dips strategy for Nifty, with targets between 24,450 and 24,800 and key support around 23,700 to 24,150. Recommended stocks include Container Corporation of India (target around Rs 510), IndusInd Bank (target around Rs 1,020), Biocon (target around Rs 470), HDFC AMC (target around Rs 3,020), Shriram Finance (target around Rs 1,134), and Piramal Pharma (target around Rs 188). Analysts expect banking, pharmaceuticals, real estate and defence sectors to outperform, though the onset of the earnings season may lead to intermittent stock-level volatility.