Vinay Rajani sees Nifty extending rally toward 24,400; recommends PFC and L&T Finance

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Nifty is set to climb towards 24,400. Financial and rate-sensitive sectors are leading the market. Broader market indices are also showing strong uptrends. Analysts see this as a healthy sign of widespread buying. Traders can use dips to 23,800 as a buying opportunity. Two stock picks, Power Finance Corporation and L&T Finance, are recommended with defined risk.