28 Oct , 2026 By : Shambhavi Mishra
As Indian equity markets navigate a phase of heightened volatility, prominent market experts are weighing in on near-term price trajectories. According to Vatsal Bhuva of LKP Securities, food delivery giant Swiggy could potentially witness a rebound toward the Rs 190 mark. However, technical charts suggest that this move does not yet signify a broader trend reversal, prompting caution among short-term traders.
For active traders and long-term investors alike, distinguishing between a relief rally and a structural trend reversal remains critical. While counters like Swiggy and HDFC Bank offer attractive entry or trading opportunities on potential bounces, broader macro and technical headwinds continue to loom over the Nifty and Bank Nifty indices. Investors are advised to manage risk tightly and rely on strict stop-loss strategies amidst ongoing market fluctuations.
Reported by et-ipos.
Disclaimer: The financial, market, and corporate developments published above are reported for informational and educational purposes only. GrowMudra does not provide investment advice or stock recommendations. Readers are strongly advised to consult a SEBI-registered financial advisor before making investment decisions.
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