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Valuations in the largecap IT space remain expensive against their pre-COVID levels and the big names are still a few quarters away from turning a corner, says Hemang Kapasi.

Questor share tip: this company reliably offers significant long-term investment potential

Experts say 22,300 is expected to be crucial hurdle for further upside in the Nifty 50 as the closing above can lift the index towards 22,500 mark

In the upcoming week, immediate resistance for Nifty 50 is anticipated at 22,180. Breaching this level might induce short covering in index futures.

Companies within FMCG sector offering attractive valuations may warrant consideration over making sector-wide decisions, says Raghvendra Nath.

Share tip: manufacturer’s strong results attract interest of some of the world’s best-performing investors

Bharti Airtel was the biggest gainer in the Nifty 50. The stock has seen decisive breakout of downward sloping resistance trendline adjoining multiple touchpoints and traded above all key moving averages.

Overall, Q4FY24 earnings season is expected to be reasonably aided by healthy macroeconomic trends.

In terms of levels, immediate resistance for Nifty is noted at 22,900, followed by further resistance at 23,170 and 23,400. Conversely, crucial support levels are identified at 22,500 and 22,300.

Rate My Portfolio: Victoria Scholar gives her expert opinion on a reader’s investments