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Nifty has a positive undertone, but Street waits for a decisive breakout

Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include Tata Power, Sona BLW, L&T, Indian Energy Exchange, Nuvama Wealth Management, and Syrma SGS Technology for potential gains.

Raccontata dathehindubusinessline.comeconomictimes.indiatimes.com

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2 prospettive sulla stessa storia
AI · summaries
economictimes.indiatimes.comStai leggendo18 h fa

Nifty has a positive undertone, but Street waits for a decisive breakout

Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include…

originale
thehindubusinessline.com12 h fa

Nifty Prediction Today – June 1, 2026: Nifty futures: Decline likely to extend

Nifty 50 futures fell 0.5% to 23,640 on June 1, erasing a gap-up open as bears target the 23,500 support with extension risk to 23,000. Nifty IT gained 3%—Infosys +4.3%, Tech Mahindra +3.2%—signaling resilient investor confidence in Indian IT despite broader market weakness.

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Timeline cronologica

  1. venerdì 29 maggio 2026·thehindubusinessline.com

    Nifty Prediction Today – May 29, 2026: Nifty futures: Intraday rally expected

    Nifty futures may rally to 24,150 today, supported by positive trends and key trading strategies.

  2. sabato 30 maggio 2026·economictimes.indiatimes.com

    Dalal Street Week Ahead: Nifty stuck in consolidation zone; 23,800 remains key breakout hurdle

    Markets experienced volatility and ended the week with a modest loss, primarily due to MSCI rebalancing flows. Nifty consolidated within a range, with immediate resistance at…

  3. lunedì 1 giugno 2026·economictimes.indiatimes.com

    Nifty has a positive undertone, but Street waits for a decisive breakout

    Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing…

  4. lunedì 1 giugno 2026·thehindubusinessline.com

    Nifty Prediction Today – June 1, 2026: Nifty futures: Decline likely to extend

    Nifty futures (June) can see a drop to 23,500 today