Nifty extends gains as analysts recommend selective buy-on-dips strategy.

Nifty extends gains as analysts recommend selective buy-on-dips strategy. The index closed above 24,300 for the second consecutive week, driven by strong performance in consumer and metal stocks. Technical analysts identify two compelling opportunities. Shipping Corporation of India has broken out from an ascending triangle pattern with institutional participation evident in volume surge. RSI near 53 shows improving momentum without overbought conditions. The stock targets Rs 400 from current levels of Rs 305-309, offering 29% upside potential with support at Rs 270. Power Grid Corporation has similarly broken out of consolidation near Rs 305-310 with steady volume accumulation. RSI trending higher at 54 signals strengthening momentum. The stock aims for Rs 350 from Rs 318-320, representing 9% upside with key support at Rs 295.