Nifty outlook: Can the index defend the crucial 23,000 level?
21 Sept 2026 · Economic Times Markets, ET Stocks
The Nifty index has extended its losing streak, testing key support levels. Recent recovery indicates demand, but the broader trend remains under pressure. Experts suggest specific options strategies and stock picks for the week. Several stocks like Sona Com, Auro Pharma, and PhysicsWallah are recommended for buying. Trading strategies focus on potential bounces and retracements in the market.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
- Sector exposure: Pharma & Healthcare.
In this story
Related coverage
Market wrap: ITC, BSE, HCL Tech, Asian Paints top gainers and losers on Nifty and Sensex on Monday
Stock Market Today LIVE: Sensex Rises 500 Points, Nifty 50 Holds 22,700; India VIX Leaps 7%; Trent Rallies 12%
Last line of defence! How 7 Nifty stocks survived the market’s two-month bloodbath
Divi's Labs, TVS Motor could replace Max Healthcare, HDFC Life in Nifty 2027 index review