Markets witnessed a strong rebound on Friday, snapping their recent losing streak amid supportive global cues and easing geopolitical concerns. Technically, analysts say Nifty has staged a decisive rebound after defending the crucial 23,000 support zone and reclaiming the key resistance area around 23,500, which coincides with the 20-day EMA. Sustaining above this zone could pave the way for a move towards the 23,800–24,200 band in the near term. On the downside, the 23,100–23,300 region is now expected to act as immediate support in the event of any profit-taking.
In today's trade, shares of Dr Reddy’s, Adani Green, KIMS, JSW Energy, Nestlé India among others will be in focus due to various news developments.
