Indian equity markets are in a corrective phase. Technical analyst Dharmesh Shah identifies a potential turning point. He highlights critical resistance for Nifty at 23,350 to 23,400. A breakout above this level could lead to a rally towards 23,800. Bank Nifty shows strength with a target of 56,500. Federal Bank is a top stock pick with a target of ₹340.

Buy Federal Bank shares at ₹315.15; target ₹350 with bullish short-term outlook and strong support levels.

The Nifty is at a crucial technical point. It faces resistance at 23,516 and support at 23,100. A breakout above resistance will confirm the uptrend. Broader markets are showing…