Budget Day Bets: Sudeep Shah Recommends Indus Towers, Nestle India, City Union Bank
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Moneycontrol•01-02-2026, 06:06
Budget Day Bets: Sudeep Shah Recommends Indus Towers, Nestle India, City Union Bank
- •Sudeep Shah of SBI Securities identifies Indus Towers, Nestle India, and City Union Bank as top picks for Budget day, despite Nifty 50's lack of clear directional strength.
- •Indus Towers shows potential for breakout and upside, supported by improved momentum indicators like RSI and MACD.
- •Nestle India's sustained RSI above 60 and strong bullish candle suggest a continuation of its upward trend.
- •City Union Bank exhibits a fresh breakout in its CUB/Private Bank ratio chart, indicating potential outperformance and a stage-2 cup pattern breakout.
- •Nifty 50 shows indecision ahead of Union Budget 2026, with volatility expected; Bank Nifty, however, demonstrates strong performance nearing all-time highs.
Why It Matters: Sudeep Shah recommends specific stocks for Budget day, anticipating volatility and potential breakouts in key sectors.
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