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Live: Nifty poised to extend record run; Should you buy Grasim after Birla opus launch?| Vi in focus

Indian equity market looked strong given the healthy recovery from 21-day EMA (exponential moving average) and continuation of higher highs formation for seven days in a row. 22,300 is expected to be an immediate hurdle for the Nifty50 on the higher side followed by 22,500 mark, while immediate support at 22,000 and crucial at 21,875, the low of February 22, experts said. On February 22, the benchmark BSE Sensex rallied 535 points to 73,158, while the Nifty 50 gained 163 points to end at a record closing high of 22,218. This morning global cues are extremely encouraging with Wall Street notching a fresh record after Nvidia’s stellar rally. The GIFT Nifty indicates new highs as it signals open above 22,300. Among stocks in focus will be Vodafone Idea, Angel One, IRCTC & Paytm and among others. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Preeyam Tolia, Senior Research Analyst - FMCG & Retail, Axis Securities

first published: Feb 23, 2024 08:44 am