Export data trends are strong for Suven+Cohance, Neuland, Granules, Poly Medicure and JB Pharma with Q4 QTD export shipments for these companies increasing QoQ by 14-48%.
"22,250-22,200 is likely to be seen as intermediate support, followed by the strong support of 22,150 and finally, the psychological mark of 22,000 from a broader term view. On the higher end, finding resilience is challenging in uncharted territory, though 22,600-22,650 could be seen as the following potent targets for Nifty in the upcoming week," said Osho Krishan, Angel One.