Nifty above 24K; IT still in woods: Akshay Bhagwat | TheBriefWire
Nifty above 24K; IT still in woods: Akshay Bhagwat
Published 18 June 2026 ยท finance
Synopsis The Nifty has crossed the 24,000 mark, with analysts seeing potential for a move towards 24,600. Support is seen around 23,800, making dips attractive
Synopsis The Nifty has crossed the 24,000 mark, with analysts seeing potential for a move towards 24,600. Support is seen around 23,800, making dips attractive for buyers. However, the IT sector continues to face selling pressure, with a neutral to bearish outlook. Investors are advised to watch for buying opportunities in the broader market and sell rallies in IT stocks.
Published: June 18, 2026 โข 2:50 PM IST ยท Updated: June 18, 2026 โข 3:38 PM ISTBy TheBriefWire Editorial Team
Key points
Synopsis The Nifty has crossed the 24,000 mark, with analysts seeing potential for a move towards 24,600. Support is seen around 23,800, making dips attractive for buyers.
However, the IT sector continues to face selling pressure, with a neutral to bearish outlook.
Investors are advised to watch for buying opportunities in the broader market and sell rallies in IT stocks.