Stock Market . Now days when India-Pak tension is on hipe, Indices are not moving much and portfolio going in red. All the big countries like America and Russia talking about Indo-Pak tension. Pakistan continues to saying “India will attack” by which they get some international support. Stock Market expert Ashish Kyal predicts Nifty’s next target could be 25,000. He names two stocks as top picks for May, sharing insights on Nifty, Bank Nifty, PSU stocks, and auto index.
In a recent interview with Moneycontrol, Ashish Kyal, Founder and CEO of Waves Strategy Advisors, shared his optimistic outlook for Nifty 50 and highlighted two stock picks for the month of May.
He believes that Nifty is on track to reach the 25,000 mark, as long as the major support around 23,200 — also known as the gap area — holds strong. Any short-term correction near this level will be considered a healthy sign, helping the index build a base for the next upward leg.
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Nifty’s Near-Term Outlook : Stock Market
Ashish Kyal observed that Nifty has surged from the lows of 21,743 (post the Trump tariff announcement) to above 24,000 in just 7 trading sessions by April 21. The index is now consolidating in a range between 24,460 and 23,840, which he sees as a positive pause.
“Prices have been climbing the wall of worry. This consolidation shows the market is taking a breather before another possible rise.”
Bank Nifty Outlook – Cooling Off : Stock Market
Bank Nifty rallied nearly 7,000 points in April, hitting a lifetime high of 56,098. With such a strong move, a consolidation or minor profit booking is likely.
Currently, Bank Nifty is moving between 54,170 to 56,100 levels. A break above 56,100 would confirm the next leg of the rally. Until then, expect rangebound action.
Ashish Kyal’s Top 2 Stock Picks for May : Stock Market
1. Mazagon Dock Shipbuilders
- Recent Performance: Up over 18% in just 3 days
- Chart Pattern: Formed a rounding bottom on the weekly chart
- Target: Rs 3,500
- Strategy: Buy on dips as long as Rs 2,800 support holds
“Mazagon Dock is making fresh highs every day. Momentum looks strong.”
ICICI Bank
- Pattern: Forming consistent higher highs and higher lows
- Recent High: Rs 1,438.30
- Breakout Level: Above Rs 1,440
- Target: Rs 1,550
- Support: Rs 1,370
“ICICI Bank was one of the top performers in the banking space.”
View on PSU Stocks : Stock Market
Kyal is bullish on PSUs like:
- Engineers India
- Mazagon Dock
- Bharat Electronics (BEL)
- Hindustan Aeronautics (HAL)
- BEML
He says many of these stocks are close to breaking their resistance. A breakout would open doors for a fresh wave up.
- Engineers India
- Mazagon Dock
- Bharat Electronics (BEL)
- Hindustan Aeronautics (HAL)
- BEML
He says many of these stocks are close to breaking their resistance. A breakout would open doors for a fresh wave up.
Nifty Auto Index Outlook: Stock Market
He notes rotational buying across sectors. So far, financial and banking stocks have led the rally. He expects auto stocks to join in if the index breaks above the 22,600 resistance level (currently consolidating between 21,900–22,600).
Disclaimer:
This blog post is intended solely for educational purposes. All information shared here is based on publicly available data, news reports, and personal analysis.
We do not provide any buy or sell recommendations. Investment in stock markets is subject to market risks. Always consult with a SEBI-registered financial advisor before making any investment decisions.
The author and this website assume no responsibility for any financial losses or gains incurred based on the information provided in this article.
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