Expect Nifty at 24K in next 3-4 months; Midcap 100 to rally towards 58,000; Smallcap target 18K: Manav Chopra

Manav Chopra, from Nuvama Institutional Equities, foresees bullish trends in metals, defence, power, and mid-tier PSU banks. Bank Nifty support levels, IT sector basing out, and strong performances in Karur Vysya Bank, BSE, and metals sector are notable. Chopra further says: “It seems the bull market is here to stay and eventually , we expect the midcap 100 to rally towards sub-58,000 levels and for the smallcaps, we have a target of close to 18,000 levels.”