PSU banks under pressure, more consolidation likely before fresh rally: Ajit Nayak

May 1, 2026

Indian benchmark indices are in a cautious phase, with technical signals gaining prominence. Market expert Ajit Nayak suggests a potential upside despite near-term uncertainty, citing a ‘liquidity sweep’ pattern. He advises watching key levels for Nifty and India VIX, recommending a hedged approach with specific stock picks.

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