Nifty Consolidates: Chart Analysis, New Year Picks, Sector Outlook

Indian equity markets are experiencing a phase of consolidation, with Nifty expected to trade range-bound before a potential rally. Analysts recommend a 'buy on dips' strategy, identifying key support levels and highlighting sectors like IT, FMCG, and Financials for New Year picks.

• Nifty shows near-term consolidation in 26,000-26,350 range before potential upside.
• Technical charts suggest an intact bullish trend, advocating a 'buy on dips' approach.
• IT, FMCG, and mid-cap sectors are favored for medium-term growth and 2026.
• Financials, Capital Goods, and Real Estate also show strong prospects for the new year.
• India VIX near historical lows indicates underlying bullish sentiment despite consolidation.
• DIIs provide market stability amid FII selling, supporting domestic equity resilience.

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