Nifty Rangebound: SBI Securities’ Sudeep Shah Recommends Buy-on-Dips Strategy
As of August 2026, smallcap equities are displaying notable technical resilience, trading alongside benchmark indices that face broader consolidation ranges, according to market analysis from SBI Securities. Sudeep Shah, head of technical and derivative research at SBI Securities, outlines a measured outlook for the Nifty, projecting a rangebound movement between 24,300 and 24,800 while recommending a selective buy-on-dips strategy backed by constructive underlying trends.
Navigating Nifty Ranges and FII Short Covering Dynamics
The broader market structure relies heavily on institutional positioning, particularly potential foreign institutional investor (FII) short covering that could provide near-term market support. According to data tracked by SBI Securities, technical charts point toward sustained momentum in the smallcap segment despite overarching macroeconomic headwinds. Trading desks are closely monitoring support and resistance boundaries to capitalize on intraday volatility.
Trading Strategy for Trent, Swiggy, and Kalyan Jewellers
Sudeep Shah highlights specific technical setups for several prominent counters:
- Trent: Maintaining a close watch on structural chart patterns to evaluate breakout durability amid shifting consumer spending indicators.
- Swiggy: Analyzing recent delivery-segment consolidation data to identify key accumulation zones for institutional portfolios.
- Kalyan Jewellers: Monitoring gold price correlations and retail demand metrics to time entry points within the broader small-to-midcap bullish framework.
Fiscal Outlook and Market Trajectory
Market participants preparing for upcoming corporate earnings cycles must balance technical breakouts against macroeconomic valuation pressures. While index heavyweight ranges dictate headline sentiment, underlying stock-specific strength in smallcaps offers viable entry points for disciplined portfolios. Maintaining rigorous risk parameters remains essential as traders navigate shifting liquidity flows.