The Economic Times News

Santa rally in sight? Nifty seen heading to 26,700 by January, Bank Nifty to 61,000: Dharmesh Shah

Nifty is likely to challenge its lifetime high of 26,300 soon, with dips offering buying opportunities, says ICICI Directs Dharmesh Shah. Bank Nifty shows relative strength, while IT stocks are seeing normal profit booking after a sharp rally. Medium-term outlook remains positive, with a Santa rally and higher January targets in focus.