Don’t try to short a bull market; Nifty likely at 22,400 in 12-18 months: Gautam Shah

Gautam Shah of Goldilocks Premium Research, predicts that the Nifty index will eventually reach 22,400 in 12-18 months. Banks and metals look interesting, while FMCG may underperform. IT has potential for a bottom-out, especially in midcaps, due to the digitalisation and AI-led rally. Shah recommends buying TCS and Tech Mahindra as these stocks may outperform the IT index. Shah advises against shorting in a bull market, and recommends buying the dips and staying with the trend of the market.