Sudeep Shah is the Head - Technical and Derivatives Research at SBI Securities
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Moneycontrol21-12-2025, 06:56

Sudeep Shah Bullish on 6 Stocks, Bearish on TMPV; Nifty Eyes 26,300

  • Sudeep Shah of SBI Securities is bullish on Vodafone Idea, KEI Industries, JK Tyre, APL Apollo Tubes, Bharat Forge, and Tata Elxsi.
  • He remains bearish on Tata Motors Passenger Vehicles due to its weak technical structure and lack of buying strength.
  • Nifty 50 showed indecision last week but held its 50-day EMA, forming an Adam & Adam Double Bottom pattern.
  • A decisive Nifty breakout above 26,100 could lead to a rally towards 26,300-26,500; strong support is at 25,770-25,700.
  • Banking and IT sectors are expected to drive any near-term market rally, providing crucial stability.

Why It Matters: Sudeep Shah recommends 6 stocks for next week; Nifty shows indecision but potential for rally.

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