Outlook of Nifty and Stock Picks for Mint Live: 23 July 2026

Authored By Prime Research | Published at: Jul 23, 2026 11:34 AM IST

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Technical Observation: Nifty

Nifty continued to slide down so far today on the worries of middle-east conflict, rising international crude oil prices and depreciation of INR against USD. Nifty is currently trading lower by 30 points.

The market is nearing an immediate support of 23800 and recovery is expected from near supports in the mid to later part of today’s session. On the contrary side, if this support breaks on the downside in short term, then the next crucial support could come around 23650 levels (ascending trend line and significant opening upside gap of 15^th June). Immediate resistance is placed at 24000 levels.

Stock Picks:

Buy BAJAJ AUTO @ 11250, Target 11800, Stoploss 10950, Timeframe 1 week.

The stock price has been in a sharp uptrend over the last one week. The larger degree bullish chart pattern like higher tops and bottoms is visible on the charts. Volume has expanded during breakout in the stock price and daily/weekly RSI shows positive indication.

Buy EPIGRAL @ 1142, Target 1205, Stoploss 1110, Timeframe 1 week.

The stock has witnessed an important bottom reversal recently from the lows. The stock price has bounced back since then and moved up as per bullish pattern like higher tops and bottoms. We observe a decisive breakout of down sloping trend line on the weekly timeframe chart. Volume pattern and RSI shows positive indication.

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