VERIFIEDET Markets·12 Jun 2026neutral

Nifty needs to close above 23,400 to trigger short covering; Federal Bank top pick: Dharmesh Shah

AI Summary

·Nifty faces resistance between 23,350 and 23,400, with a close above this range potentially triggering a rally to 23,800.
·Bank Nifty shows strength and has a target of 56,500.
·Federal Bank is identified as a top stock pick with a target price of ₹340.