GENERAL4 Sept 2026
Nifty has support at 23,800, says Ajit Mishra of Religare Broking, suggests strategies for 3 shares | Stock Market News
Indian stock markets fell for a fourth straight session on Thursday as geopolitical worries and higher crude oil prices weighed on sentiment. Religare Broking says Nifty now has strong support near 23,800. A clear break below that could take the index towards 23,700-23,600, while 24,000-24,150 is a hurdle. For now, avoid broad bets, pick stocks carefully, and keep a tight watch on risk.
Key Statutory Highlights
- Sensex and Nifty fell for a fourth consecutive session on Thursday over geopolitical uncertainty and higher crude oil prices.
- According to Religare Broking, Nifty support is near 23,800; breaking below it may lead to the 23,700-23,600 zone, with resistance at 24,000-24,150.
- The brokerage prefers a cautious, stock-specific approach with strong risk management, and sees positive charts in LIC Housing and PB Fintech.
Actionable Advice for Taxpayers / Founders:Do not make aggressive market-wide bets right now. If you invest, stay selective, use stop-losses to manage risk, and check LIC Housing or PB Fintech only after consulting your financial advisor.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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