VERIFIEDET Markets·15 Aug 2026neutral

F&O Talk: Nifty consolidation to continue says Sudeep Shah; gives Tata Motors, Lenskart, Honasa strategy

AI Summary

·Nifty is consolidating in a range with 24,200–24,150 as support and 24,550–24,600 as resistance.
·Options data indicates strong Put writing, suggesting limited downside potential.
·Analysts are favoring PSU banks, while defence, auto, and chemical sectors show technical strength.