Analysts back buy-on-dips strategy as Nifty eyes 24,300–24,600
- Posted on July 13, 2026
- By Business News Today
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- 1 min read
In brief
Market experts recommend a tactical buy-on-dips approach as the Nifty 50 index targets the 24,300-24,600 range with strong support near 23,800. Bank Nifty maintains critical support levels at 57,400, with resistance forming between 58,706 and 59,250. Investors should consider selective stock picks including BEML, Blue Star, and Grasim Industries. Advanced traders may explore Bull Put Spread strategies to capitalize on controlled risk opportunities in the current market environment.
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Analysts back buy-on-dips strategy as Nifty eyes 24,300–24,600
Analysts maintain a positive outlook on Nifty, suggesting a buy-on-dips strategy for traders. They see Nifty potentially reaching 24,300 to 24,600 while staying above 23,800. Bank Nifty shows support at 57,400 and resistance around 58,706 to 59,250. Specific stock recommendations include BEML, Blue Star, Steelcast, Sobha, and Grasim Industries. Traders can also consider a Bull Put Spread strategy for Nifty with defined risk.
