Indian markets are expected to face several headwinds over the next 12 months including elevated US interest rates, El Nino’s impact on crops and inflation, volatile crude and the election year in India, Prabhudas Lilladher said in a note. As it picks a dozen stocks in large, mid and smallcap segments as buys, it also gives four stocks as contra buy and sell candidates. Take a look!
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to