The Economic Times

Nifty under pressure after 8-week losing streak, but technical rebound may be near

Nifty has dipped significantly, nearing a critical support range of 22,000 to 22,600, catching the attention of traders looking for a potential technical rebound in the oversold market. Analysts recommend buying Indian Hotel and Mankind Pharma stocks, highlighting ambitious targets and stop-loss settings. Conversely, caution is warranted for IOC and Torrent Pharma, which display signs of decline. The market strategy appears optimistic for October, tapping into seasonal recovery prospects.