Milan Vaishnav Predicts Nifty, Bank Nifty New Highs; Bullish on IT & Top Stocks

• Milan Vaishnav expects Nifty 50 and Bank Nifty to reach fresh record highs soon, with supports shifting higher to 26,000-26,100.
• He cautions that market breadth must drastically improve to sustain the upside, as Nifty 500 lags behind Nifty's lifetime high.
• Low VIX indicates market complacency, not necessarily less risk, and long periods of low volatility often precede high volatility.
• Vaishnav is bullish on Nifty IT, expecting it to move meaningfully higher after breaking out from multi-month consolidation.
• Top stock picks include IDFC First Bank, Reliance Industries, Manappuram Finance, IIFL Finance, Shriram Finance, Nuvama Wealth, and Hindustan Copper.

Why It Matters: Nifty & Bank Nifty eye new highs, but market breadth & VIX signal caution; bullish on select stocks.