Technical view: Firm uptrend in store, Nifty looks set for 26,000
Technical indicators suggest a bullish trend for Nifty with a short-term target of 25,700 and strong support at 25,000. Analysts predict a mid-term target of 26,980. Key stocks to watch include Bank of Baroda, IndusInd Bank, Kotak Bank, ICICI Bank, and DLF. Traders are advised to remain long on both indices.
GIFT Nifty signals a positive start for D-Street. Here’s the trading setup for today’s session
Domestic markets reached record highs last week amid a global rally. The upcoming US Fed meeting on September 18 is in focus. Analysts are optimistic about Nifty’s potential to reach 26,000, supported by private banking majors. Key stocks in the F&O ban include Balrampur Chini Mills and Hindustan Copper.