F&O Talk: Nifty’s break above 22,750 could open doors for 23,000; Sudeep Shah picks 5 stocks for next week
Radico Khaitan is in focus.
· Economic Times Markets
Nifty snapped its eight-week losing streak as bullish technical signals emerged near key support levels. Analysts see Nifty Private Bank outperforming in the short term, while Radico Khaitan, Karur Vysya Bank, ICICI General Insurance and Nykaa remain on traders' radar.
The analysis
Against that, the stock is +3.1% on the day at ₹4,550.00, and has returned +8.3% over three months. It sits 4% below its 52-week high. The fmcg sector has moved -4.8% over the same period, so Radico Khaitan is running 13.1 points ahead of its peers.
With Radico Khaitan, Karur Vysya Bank and ICICI Bank all implicated, this reads as a FMCG-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (RADICO, KARURVYSYA, ICICIBANK, NYKAA), which points to a sector-level rather than company-specific driver.
- Sector exposure: FMCG, Banks, Consumer & Retail.
- The immediate tone of coverage reads positive.
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