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Nifty Eyes 29,500 by 2026: Top Picks Revealed
24 Dec
Summary
- Nifty expected to reach 29,500 by 2026, analysts predict.
- IT sector shows caution but offers short-term trading opportunities.
- Metals sector favored due to favorable global macro conditions.
Indian equity markets are anticipated to experience a period of consolidation before a notable upward movement. Experts suggest the Nifty could reach levels around 26,500 in the coming days, a crucial breakout point that could fuel further momentum. This outlook is supported by positive global cues from Asian markets and Wall Street.
In the technology sector, a cautious stance is advised for long-term investments due to moderate earnings growth expectations. However, short-term traders may find opportunities as the IT index could see a modest rise. Investors are urged to be selective, focusing on specific stocks rather than broad sector plays.
The metals sector emerges as a preferred investment area, driven by a weakening US dollar and rising commodity prices. Stocks like Hindalco and National Aluminium are highlighted for their strong current momentum. The overall strategy advises close monitoring of technical levels and alignment with sectors that benefit from global economic trends.
