Expect Nifty To Move Towards 24,500–25,800 In Coming Months: Indiacharts | CNBC TV18

Why It Matters

The outlook signals a continued market upcycle with sector rotation—investors may favor banking and select frontline stocks like Reliance while avoiding IT and stressed PSU bank exposure, informing asset allocation and stock-picking for the coming months.

Summary

Rohit Shasvatava of Indiacharts says the Nifty likely bottomed in May and has begun a new leg up, with targets of about 24,500–25,800 over the next two months as broad-market internals improve. He sees Bank Nifty breaking resistance and aiming for roughly 60,700 in one to three months after recent crossovers of key moving averages. Shasvatava is cautious on large-cap IT, calling it a long-term underperformer and a 'sell on rallies' trade, while Reliance shows a higher-low structure and is gradually turning bullish. PSU banks have shown pressure amid higher yields but he prefers a rotation into private banks and NBFCs rather than further PSU exposure.

Original Description

#MarketOutlook |Bullish Structure Intact

Rohit Srivastava, Indiacharts, to @CNBCTV18News

* Expects Nifty to move towards 24,500–25,800 in coming months

* Cautious on IT as structural underperformance may persist; prefers private banks & NBFCs

#latestmarkettrends #stockmarkettrends #sensex #nifty #dalalstreetaction #cnbctv18 #cnbctv18market #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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