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Markets6h 17m ago

Sudeep Shah stated that the Nifty 50 may continue its upward journey towards 23,800, with 24,000 as the next psychological hurdle.

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India

Who
Sudeep Shah of SBI Securities
What
Sudeep Shah stated that the Nifty 50 may continue its upward journey towards 23,800, with 24,000 as the next psychological hurdle.
When
Sun, 14 Jun 2026 01:29:14 GMT · 6h 17m ago
Where
India ·
Why
Improving momentum indicators and breakouts above key short-term resistance levels suggest a potential market uptrend.
The Frontline Impact

How this affects you

Market analysts are watching for a potential broader uptrend in the Nifty 50 and Bank Nifty indices, which could signal continued positive sentiment in the Indian stock market. Investors are advised to consider a 'buy-on-dips' strategy, with specific recommendations for AU Small Finance Bank and Power Mech Projects.

Story chain

3 events in this thread
  1. Currently Reading6h 17m ago
    Sudeep Shah stated that the Nifty 50 may continue its upward journey towards 23,800, with 24,000 as the next psychological hurdle.
  2. Markets6h 17m ago
    Sudeep Shah stated that the upcoming sessions will be important in determining whether Friday's rebound evolves into a broader uptrend or remains a temporary recovery.
    Open article
  3. Markets6h 17m ago
    Sudeep Shah stated that a breakout above key short-term resistance levels, coupled with improving momentum indicators, suggests Nifty may continue its upward journey towards 23,800, with 24,000 as the next psychological hurdle.
    Open article

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