Nifty in oversold territory; pullback to 24,000 possible: Analysts

Technical analysts are divided on Nifty's near-term direction, with the index hovering near the lower boundary of a triangle pattern around 23,600, suggesting a possible pullback toward 24,000. While Motilal Oswal recommends a Bear Put Spread citing geopolitical concerns and rising crude prices, Centrum Broking and LKP Securities suggest bullish strategies expecting a gradual upmove. Top stock picks from analysts include Azad Engineering, Laurus Labs, RR Kabel, Astra Microwave, LTIMindtree, and Emmvee Photovoltaic Power.