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Can Nifty 50 reach 23,500 next week? Sudeep Shah shares top picks
M
Moneycontrol•17-10-2026, 06:01
Can Nifty 50 reach 23,500 next week? Sudeep Shah shares top picks
- •Sudeep Shah from SBI Securities expects Nifty to potentially hold above 23,000 and target 23,500, provided it sustains its key support zone of 22,800-22,750.
- •Despite a sharp recent market rally, the strategy remains cautious with a 'sell on rallies' approach rather than 'buy on dips' due to weak broader market participation.
- •Top stock picks for the upcoming week include TVS Motor Company and Eternal, backed by strong technical breakouts and indicator alignments.
- •Bank Nifty is showing potential to move past 57,000 next week, though upcoming earnings from major heavyweight banks will play a crucial deciding role.
Key Questions Answered
Yes, Sudeep Shah believes Nifty has a strong possibility of holding above 23,000 and moving towards 23,500, provided it sustains above the key support zone of 22,800-22,750.
Sudeep Shah's top stock picks for next week are TVS Motor Company and Eternal.
Yes, Bank Nifty has the potential to move beyond 57,000 next week if it sustains a move above the immediate hurdle of 56,000-56,100.
