Indian markets are on a positive note as the Sensex increased over 600 points and the Nifty50 closed at 18,500 levels boosting the bulls and aiding in the fresh leg of the index. India VIX reduced by 4.95%, giving strength to the bulls, making Options data scattered in various far strikes in the monthly series. Broader trading ranges fall between 18200 to 18800 zones, while immediate trading ranges fall between 18,300 to 18,650 zones. Various experts have suggested that traders with a short-term horizon should purchase stocks like Reliance Industries, IDFC First Bank, Canara Bank, Marico, Bharti Airtel, SBI, HCL Technologies, L&T, and Gujarat Gas.
Nifty can cross 32K in 2026 bull case scenario: Kotak Securities
In a recent note, domestic brokerage firm Kotak Securities has projected a bull case target of 32,032 for the Nifty 50 index by December 2026,