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Nifty has support at 23,800, says Ajit Mishra of Religare Broking, suggests strategies for 3 shares
Mint 1 hr ago·4 Sept 2026, 3:33 am
The Nifty 50 index is currently facing headwinds due to rising crude oil prices and growing geopolitical tensions, which are pressuring market sentiment. Ajit Mishra of Religare Broking has identified a key support level of 23,800 for the index, suggesting this zone is critical for stability. He believes that if the market holds this level, it could prevent a deeper correction and provide a base for a potential rebound.
For investors looking to navigate this volatility, Mishra has recommended three specific stocks. These selections are intended to act as defensive plays, potentially offering stability when broader market movements become unpredictable. The focus is on identifying companies that can withstand external economic shocks and provide a safer harbor for capital during uncertain times.
Investors should closely monitor the Nifty's reaction to the 23,800 support level. A decisive break below this mark could signal further downside, while a firm hold might indicate a bottoming-out process. Keeping an eye on crude oil trends and global geopolitical developments will also be essential to gauge the sustainability of any recovery in the index.
Excerpt from Mint
As the Nifty faces mounting pressure with significant geopolitical uncertainties and climbing crude oil prices, Ajit Mishra of Religare Broking shares critical insights on market support levels and stock recommendations to navigate these turbulent waters. Stocks to buy or sell: Frontline indices, the Sensex and the…Read the original at Mint
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