Nifty could see short covering on direct rise above 24,433: Anand James

Nifty experienced a sixth consecutive negative weekly fall, but a potential pullback is anticipated early in the week due to recovery signals after lower Bollinger Band penetrations. While broader markets struggle, PSU Banks show mixed signals with potential support from key stocks like SBI. MAHLOG and CMSINFO are top picks, indicating reversal attempts with bullish patterns and oversold conditions.

​Nifty experienced a sixth consecutive negative weekly fall, but a potential pullback is anticipated early in the week due to recovery signals after lower Bollinger Band penetrations. While broader markets struggle, PSU Banks show mixed signals with potential support from key stocks like SBI. MAHLOG and CMSINFO are top picks, indicating reversal attempts with bullish patterns and oversold conditions.