Buy on dips as Nifty & Bank Nifty look bullish; 3 stocks to bet on: Rajesh Palviya
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Rajesh Palviya advises a buy-on-dip strategy as Nifty & Bank Nifty look bullish. The July series has a Nifty target of 24,400 and Bank Nifty is supported at 52,000. Nifty Realty is in consolidation mode with a potential downside. Godrej Realty is showing strength. Put writers are aggressive at 24,000 strike and 23,800 strike, which are important levels on the downside. If the market holds the 24,000 level, the rally can extend higher with a possible target of 24,400. For Bank Nifty, 52,000 is the immediate support area. If Bank Nifty crosses the 52,600 mark, the rally can extend further towards 53,400 to 53,600. July is expected to have a range of 23,500 to 25,000 for Nifty and Bank Nifty. Auto stocks are still looking attractive, especially in the auto ancillary space. Nifty Realty is in consolidation mode, but the overall structure is bullish. JK Tyre, Petronet, and Grasim are recommended stocks to bet on.

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https://m.economictimes.com/markets/expert-view/buy-on-dips-as-nifty-bank-nifty-look-bullish-3-stocks-to-bet-on-rajesh-palviya/articleshow/111354970.cms