Nifty 50 Uncertain, But Sudeep Shah Bets on These 5 Stocks for Next Week
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Moneycontrol•18-01-2026, 07:02
Nifty 50 Uncertain, But Sudeep Shah Bets on These 5 Stocks for Next Week
- •Sudeep Shah of SBI Securities sees Nifty 50's direction as uncertain due to flat EMAs and momentum indicators.
- •He predicts a significant breakout for the Nifty IT index in the near term, citing a cup-and-handle pattern.
- •Shah recommends HCL Technologies and Punjab National Bank as top picks for next week, expecting upward moves.
- •His bullish outlook continues for AU Small Finance Bank, Federal Bank, and Bank of India, backed by technical strength.
- •Nifty's Q3 earnings and key resistance/support levels (25,900-25,950 and 25,450) will dictate its next move.
Why It Matters: Despite Nifty 50's uncertainty, Sudeep Shah recommends 5 stocks and foresees a Nifty IT breakout.
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