Nifty IT’s 18% rally may mark a durable leadership cycle; 35,000 next: LKP's Vatsal Bhuva
Nifty IT’s 18% October rally could signal a sustained leadership cycle, supported by improving momentum, a bullish RSI crossover and capital rotation from global AI stocks. Analyst Vatsal Bhuva sees the index targeting 35,000. He remains cautious on Swiggy, bullish on Acutaas Chemicals, and recommends buying Persistent Systems and Eternal based on positive technical setups.
Key Takeaways
- Nifty IT’s 18% October rally could signal a sustained leadership cycle, supported by improving momentum, a bullish RSI crossover and capital rotation from global AI stocks.
- Analyst Vatsal Bhuva sees the index targeting 35,000.
- He remains cautious on Swiggy, bullish on Acutaas Chemicals, and recommends buying Persistent Systems and Eternal based on positive technical setups.
Nifty IT’s 18% October rally could signal a sustained leadership cycle, supported by improving momentum, a bullish RSI crossover and capital rotation from global AI stocks. Analyst Vatsal Bhuva sees the index targeting 35,000. He remains cautious on Swiggy, bullish on Acutaas Chemicals, and recommends buying Persistent Systems and Eternal based on positive technical setups.
Original Publisher Attribution
This summary was curated from Economic Times.