GENERAL7 Sept 2026
Nifty poised for rebound towards 24,400 as 23,600 support holds, says ICICI Securities’ Dharmesh Shah; BHEL top pick
Nifty fell for a fourth straight week because of crude oil prices and geopolitical worries. The good news: broader markets stayed strong. ICICI Securities' Dharmesh Shah sees a safe level at 23,600 and expects a possible rebound towards 24,400. For investors, this means watch those levels. Don't panic—stay informed, but consider your own risk before acting.
Key Statutory Highlights
- Nifty extended losses for a fourth week amid crude oil and geopolitical concerns.
- Broader markets remained strong despite the Nifty fall.
- ICICI Securities' Dharmesh Shah sees Nifty support at 23,600 and upside to 24,400.
Actionable Advice for Taxpayers / Founders:Keep an eye on the 23,600 support mark for Nifty. If it holds, a move towards 24,400 could happen, but avoid making any big investment decisions based only on this prediction.
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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