Indian markets face consolidation, resistance at 22,600

Indian markets are currently in a consolidation phase, with key resistance at 22,600 and support at 22,200. Despite some sector recoveries, overall momentum remains weak, and indices have struggled to break past resistance levels. While global markets have rebounded, Indian indices have not shown similar strength. Some sectors, like metals and real estate, have seen brief improvements but lack sustained momentum, indicating a range-bound market. Analyst Kunal Bothra highlights two stocks to watch: Manappuram Finance, which is nearing a multi-year high, and Godrej Industries, which has shown significant volume increases. Both stocks are expected to perform well, with specific target prices set.