Nifty heading to 25,000, Bank Nifty to 60,000 soon; prefer private banks, NBFCs over PSU banks: CA Rudramurthy BV

Technical analyst CA Rudramurthy BV has projected Nifty could head toward 25,000 and Bank Nifty toward 60,000 in the current futures series, citing stable crude prices, a steady rupee, and a sharp slowdown in FII selling to about 350 crore from prior heavy outflows. He prefers private banks and NBFCs over PSU banks, flagging ICICI Bank, Kotak Mahindra Bank, Axis Bank, HDFC Bank, Bajaj Finance, L&T Finance Holdings, and Cholamandalam Investment as stronger names. He is also bullish on platform-based stocks, highlighting Eternal with breakout above 265 and targets of 310 and 350-360, and Delhivery with breakout above 500 targeting 550 and 580-600.