Nifty eyes 25,000 as July rally builds; banking, realty and auto lead the charge: Rohit Srivastava

Technical analyst Rohit Srivastava projects Nifty could rally toward 25,000, with 23,860 as downside support and 24,310 as the breakout trigger, citing a historical pattern of strength from June through August. He favors rate-sensitive sectors — banking (Bank Nifty target 61,000), realty, and auto (Maruti breakout, Ashok Leyland showing momentum) — while turning bullish on pharma long-term with a Nifty Pharma target of 30,000–33,000. IT is flagged as a sector to avoid, metals face near-term dollar pressure but retain a positive longer-term outlook, and FMCG is seen as a tactical trade toward 50,000–55,000.