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News › Markets  ·  17 Oct 2026, 12:57 PM IST  ·  3 days ago

F&O Talk: Nifty’s break above 23,450 could push index to 23,650; Sudeep Shah picks Tech Mahindra, TCS strategy

Bias: Neutral 0

In one line — SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks and media leading. He flags key resistance levels, banking earnings, improving FII flows and continued large-cap outp

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−10000 ●+100

Source: Economic Times · AI-summarised by Anadi · Updated 17 Oct 2026, 1:45 PM IST

What Happened

SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks and media leading. He flags key resistance levels, banking earnings, improving FII flows and continued large-cap outperformance, while warning that a durable reversal remains unconfirmed.