Index View: Nifty

After a significant rally, Nifty has retraced 38.2% of its move from March lows, with potential to retrace further due to market jitters. The index remains above a key trendline, suggesting a buy-on-dip strategy could prevail, with targets up to 24000 by month's end.

Bank Nifty

Bank Nifty showed resilience, bouncing back after a slight dip, with strong support levels identified. The index's outperformance against Nifty highlights its potential for upward movement, especially in the 49900 to 50400 range.

Top Stock Picks

CAMS (BUY): With a 25% bounce from March lows, CAMS is poised for a bullish breakout, targeting 4150 from its LCP of 3756.75.

PCBL (BUY): Breaking above its 200 DMA, PCBL shows a fresh momentum breakout, aiming for a 6-8% move from its current position.

BALRAMCHIN (BUY): A breakout above its 200 DMA and trendline resistance signals a strong upward potential, with targets near 600.

Disclaimer: The opinions and recommendations are from brokerage and not The Times of India. Consult a financial advisor before investing.