Nifty holds 24,000; 23,700 key support as Akshay Bhagwat bets on Power Grid, Adani Ports

The power sector continues to be in focus with several companies showing growth potential. Infrastructure development, including ports, remains a key driver for economic activity.

Maintain a bullish bias on power and infrastructure stocks, looking for entry points on minor pullbacks.

For Indian markets, this story mainly matters for POWERGRID, ADANIPORTS, JUBLFOOD and the Power, Infrastructure, Real Estate pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Identified as a top stock pick for a breakout. Identified as a top stock pick for momentum. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Nifty holds above 24,000, with key support at 23,700.
• •Easing volatility fuels a positive outlook.
• •Akshay Bhagwat recommends Power Grid for a breakout, Adani Ports for momentum, and Jubilant FoodWorks on dips.
• •Realty's surge is seen as a rebound, with Oberoi Realty showing medium-term promise.
• •Risk flag: Potential for profit booking at Nifty resistance levels (24,300-24,500).