According to Rohit Srivastava of Indiacharts, the Nifty 50 index is poised for a strong performance and could potentially reach 29,000 by the end of 2026. This bullish outlook is based on technical analysis and the anticipation of continued positive momentum in the Indian equity markets.

Srivastava, the founder of Indiacharts, has been providing analysis of capital markets since 2001. In a recent market analysis, Srivastava identified 25,800 as a key support level for the Nifty, with 26,500 acting as a crucial resistance level that needs to be breached for a medium-term breakout. He observed the Nifty is comfortably above the 26,000 mark and inching closer to 26,100. A move above 26,500 would help the index gain further momentum.

Several factors support this optimistic forecast. A strong V-shaped or U-shaped recovery in market sentiment signals a potential uptrend. Moreover, the expectation of steady earnings growth from blue-chip companies, particularly in the banking, IT, and infrastructure sectors, contributes to the positive outlook.

While Srivastava suggests a target of 29,000, he is not the only one with a bullish outlook. Other analysts also predict a rise in the Nifty 50. For example, one analysis anticipates the Nifty could hit a fresh lifetime high, targeting 26,500 as the first key level for the beginning of 2026, with a potential 3,000-point rally beyond that. Another forecast estimates the Nifty 50 could reach 33,000 by the end of 2026.

However, some forecasts are more tempered. One report projects a year-end close for 2026 at approximately 26,888, which is a 6.08% increase. These projections suggest a gradual recovery and upside potential, but not as aggressive as the 29,000 or 33,000 marks.

Contributing to the positive sentiment is the expectation that equities will outperform precious metals in the coming year. Srivastava also noted that financials are among the best-performing stocks and that this trend is likely to continue. He believes the Bank Nifty can potentially reach 72,000 by the end of 2026.

Despite the prevailing optimism, several risks and challenges could impact market performance. Global volatility stemming from US interest rate decisions and geopolitical tensions could trigger foreign outflows. Concerns regarding liquidity and the impact of the Securities Transaction Tax (STT) hikes on derivatives trading volumes also remain.

Recently, the Indian stock market saw its biggest gains in nine months, with the Nifty 50 advancing 2.5% to close at 25,727.5. This surge followed a trade deal and Washington's agreement to reduce tariffs. Bolstering this, foreign portfolio investors were net buyers of ₹5,236 crore, while domestic institutions bought shares worth ₹1,014 crore.

Overall, the Indian equity markets are entering 2026 with strong momentum. While potential challenges remain, the Nifty 50 has the potential to deliver substantial gains, possibly reaching the 29,000 mark, as predicted by Rohit Srivastava.