24,000 on Nifty; flags IT, PSUs and FMCG opportunities
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gautam Shah expects the Nifty to reach 23,500-24,000 soon.
- ✓He said, “There is no case for Indian markets to fall further.” While the broader market might stay slow, he sees many opportunities in IT, PSUs, and FMCG stocks.
- ✓Investors should focus on value and pick specific stocks to generate good returns.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC TV18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Gautam Shah sees 23,500-24,000 on Nifty; flags IT, PSUs and FMCG opportunities
Gautam Shah, Founder of Goldilocks Global Research, expects a near-term Nifty recovery and sees opportunities in PSUs, IT, FMCG, energy and select metal stocks.
Indian equities could see a near-term recovery after the recent sell-off, but investors should not expect the broader market to enter a strong uptrend immediately, according to Gautam Shah, Founder of Goldilocks Global Research.
Shah believes the recent decline has pushed valuations and technical indicators to more comfortable levels. He expects the Nifty to find support around the 22,000-22,500 zone and sees a possible recovery towards 23,500, with 24,000 as the best-case scenario.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
CNBC TV18
Read the full, original unfiltered story directly on the publisher's portal.