Sudeep Shah Targets Nifty 26,500, Bets on 4 Stocks, Cautions on ITC

• Sudeep Shah of SBI Securities predicts Nifty 50 to reach 26,500, then 26,700, and Bank Nifty to hit 60,600, then 61,200 in the near term.
• He recommends buying Glenmark Pharma and UNO Minda, citing consolidation and trendline breakouts respectively, with specific short-term targets.
• NHPC and Bosch are also poised for an upmove in the coming week, showing strong breakouts and bullish technical indicators.
• Shah advises caution on ITC due to a sharp fall, excise tax hike, and a decisive breakdown below key support levels, suggesting waiting for stability.
• Nifty's strong momentum, improved participation, and Bank Nifty's decisive breakout from its falling channel indicate a bullish market sentiment.

Why It Matters: Market expert Sudeep Shah is bullish on Nifty and Bank Nifty, recommends specific stocks, but warns on ITC.