Nifty to hit 30,000 by 2026, predicts ICICI Direct; other brokerages bullish

• ICICI Direct forecasts Nifty50 to reach 30,000 by 2026, citing a cup and handle breakout pattern and a rising channel.
• Historical data shows 15-20% corrections are followed by ~40% rallies in 12-18 months.
• Buying near the 52-week EMA (around 24,700) offers a favorable risk-reward, with Nifty averaging 30% returns in 12 months post-such levels.
• Citi targets Nifty at 28,500 by December 2026, favoring banks, telecoms, autos, healthcare, and defense.
• Goldman Sachs upgraded India to 'Overweight', setting a Nifty target of 29,000 by December 2026, focusing on financials, consumer staples, defense, and oil marketing companies.

Why It Matters: Brokerages predict Nifty to reach 28,500-30,000 by 2026, citing strong technicals and fundamentals.