Key Points
Aditya Arora predicts a global-led rally with high targets for Nifty and Bank Nifty..
Arora also says: "Although it has disappointed a lot of analysts, from here, it is a very good value buy and IDFC First could be bought from here at Rs 76.35; stop loss must be at Rs 74.80 and target would be Rs 79-83.".
Aditya Arora, Adlytick, says this time, it would not be a domestic rally, but a global-led rally because Nasdaq is at lifetime high, Dow Jones is at lifetime high..
Aroras target for Nifty is 22,500 to 23,000 and the target for Bank Nifty is 49,000 to 50,000, so pretty bullish bias over there as well..
Bank Nifty rollover data is higher than the three-month average and that is suggesting that there is fuel to the rally in the banking space as well..
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