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Nifty Under Pressure: SBI Securities Identifies Two Top Stock Picks for the Upcoming Week
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SBI Securities: Nifty Under Pressure, Two Stocks Picked for Week Ahead
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Moneycontrol
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22-03-2026, 06:22
SBI Securities: Nifty Under Pressure, Two Stocks Picked for Week Ahead
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SBI Securities' Sudeep Shah sees Nifty 50 in a bearish phase, with rallies attracting sellers.
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The Nifty 50 is below major moving averages, and a breakdown below 22,800 could lead to 22,500.
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Rising West Asia tensions and FII selling contribute to market uncertainty and Nifty's 2,000-point drop.
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Shah recommends Bajaj Consumer Care and Belrise Industries for the coming week, citing improving momentum and underlying strength.
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Bank Nifty shows sustained weakness, falling for four consecutive weeks, with resistance at 54,300-54,400.
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