Nifty Range-Bound, IT to Struggle, PSU Index Could Surge 25%: Gautam Shah

• Gautam Shah of Goldilocks Global Research predicts Nifty will remain range-bound with a volatile, possibly bearish bias.
• Immediate Nifty support is at 25,450; a break below could lead to further weakness, while 26,000 signals strength.
• Shah remains cautious on IT stocks, expecting multi-quarter underperformance due to AI disruption; advises against bottom fishing.
• He sees significant opportunity in PSU stocks, projecting a potential 25% appreciation for the PSU index.
• Gold and silver are expected to enter a phase of consolidation, with limited upside in the near term.