F&O Talk: Nifty lacks direction on charts, says Sudeep Shah; outlines Bajaj Finance, Eternal strategy after Q1

F&O Talk: Nifty lacks direction on charts, says Sudeep Shah; outlines Bajaj Finance, Eternal strategy after Q1

Nifty 50 recovered 760 points in six sessions after 15 weeks of consolidation (24,601–23,070), closing near critical resistance 24,550–24,600. Nifty IT's 18.5% rally since July (Persistent, HCL, Tech Mahindra, Coforge leading) signals renewed confidence in India's IT vendor sector, critical for CTOs with outsourcing exposure.