Nifty holds at 26,000 and approaches a key resistance zone of 26,200. A minor profit booking or sideways consolidation is expected. Shrey Jain of SAS Online suggests a buy-on-dips strategy for the index with a broader range of 26,500-26,000 for the coming week. An Iron Butterfly strategy is recommended for neutral positioning.
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Biocon shares in focus after issues 4 observations for Bengaluru API facility (30-09-2024)
Shares of Biocon have surged 44% in 2024 to date and 30% over the past two years, with the company currently holding a market capitalization of Rs 44,266 crore.