π Nifty support at 23,050; Shah on Tata stocks
The Indian stock market saw mixed results on Friday, with the Sensex ending in the red while Nifty was in the green. Analyst Sudeep Shah, from SBI Securities, highlighted 23,050 as a crucial support zone for Nifty. This level aligns with the previous swing low and the 61.8% Fibonacci retracement of the rally. A break below 23,000 could signal a downward move towards 22,700 in the short term. He also provided strategy picks for Tata Chemicals, TCS, and Tata Motors PV. π