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The Economic Times

Business

Veer Sharma

F&O Talk: Nifty’s break above 23,450 could push index to 23,650; Sudeep Shah picks Tech Mahindra, TCS strategy

Bank Nifty Sudeep Shah TCS Tech Mahindra Nifty IT FII Stock Market SBI Securities Axis Bank HDFC Bank

Benchmark indices Sensex and Nifty extended gains for a second consecutive session on Friday. Continued strength in IT stocks, which rose for a fourth straight session, along with buying in auto, metal and PSU banking stocks, supported the rally.

Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty IT, FIIs, and an index strategy for the upcoming week. The following are the edited excerpts from his chat:

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