It’s buy-the-dips time; Nifty support at 22,300

The immediate support for Nifty is around 22,300, followed by 22,100-22,000; and any dips should be seen as a buying opportunity as the index could attempt to rally towards new record highs soon, according to technical analysts. Stocks such as M&M, TVS Motors, Coal India, Grasim, ACC, Gail, Concor, National Aluminium, MTAR Tech, APL Apollo, Exide, Aurobindo Pharma and HEG could witness strong buying interest, analysts said.

SUDEEP SHAH
HEAD – TECHNICAL & DERIVATIVE RESEARCH, SBI SECURITIES

Where is Nifty headed this week?