Nifty Targets 28,800 on 26,300 Break; CLSA Bullish on Mid-Caps, Gold
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CNBC TV18•19-01-2026, 12:28
Nifty Targets 28,800 on 26,300 Break; CLSA Bullish on Mid-Caps, Gold
- •CLSA's Laurence Balanco predicts Nifty could reach 28,800 if it decisively breaks above 26,300, following a consolidation phase.
- •Balanco expresses stronger conviction in mid-caps, expecting over 30% upside if the midcap space breaks above the 62,000 area.
- •He forecasts a 'boom-bust structure' for Asian markets in 2026, with North Asian tech leading initially, then India regaining momentum in H2.
- •Bullish on commodities, Balanco expects base metals like aluminium ($3,500) and copper (>$16,000) to continue rallying, and remains positive on gold.
- •Balanco anticipates US markets, particularly the S&P 500, to underperform in 2026 and believes the US dollar has entered a multi-year bear market.
Why It Matters: CLSA's Balanco sees significant upside for Nifty and mid-caps, a commodity boom, and a weakening US dollar.
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