Nifty Rally Alert: Anuj Singhal Predicts Surge if Yesterday's High Breached

Business
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Moneycontrol•06-01-2026, 09:05
Nifty Rally Alert: Anuj Singhal Predicts Surge if Yesterday's High Breached
- •Anuj Singhal advises a "buy on dips" strategy, with Nifty poised for a major rally if yesterday's high is breached, targeting 30,000 this year.
- •A commodity super cycle is underway, with Gold, Silver, Copper, and Crude Oil surging due to US actions on Venezuela and positive statements from Trump.
- •FIIs showed minor selling in cash and minor buying in index futures; Q3 updates are mixed, with Kotak Bank and Axis Bank performing well.
- •Investors should focus on commodity stocks for momentum and bank, auto, NBFC stocks for portfolio stability, adding Nifty ETF on dips.
- •Key risk remains US markets being 40% above median valuation; Nifty has resistance at 26,350-26,400 and support at 26,200-26,250.
Why It Matters: Nifty's uptrend continues; buy on dips, target commodity and banking stocks, but watch US market risk.
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