Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800

Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800

Analysts expect the Nifty to maintain its upward bias, recommending a buy-ondips approach around the 24,000–24,150 zone. They see declines as buying opportunities, with upside targets ranging from 24,450 to 24,800.TANMAY SHAH RESEARCH HEAD, SIHLTrading Strategy Traders may consider initiating a Bull Call Spread for the July 14 expiry. This can be executed by buying the 24,300 Call and simultaneously selling the 24,700 Call. This strategy offers a favourable risk-reward profile while strictly ca…

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