Indian equity markets are expected to remain range-bound in the near term, operating in a wait-and-watch mode. This is primarily due to global uncertainties surrounding tariffs and the anticipation of a clear capital expenditure focus in the upcoming Union Budget, which was notably absent in the last two years.

Chakri Lokapriya’s track record: 4 graded calls · 95% CI 0–49%

Nifty ITNeutralCalled 14 Jan 2026Graded 19 Jul 2026
Verdict:MISS

Nifty IT declined from ₹39086.65 to ₹36143.30, a significant drop of 7.53%, which contradicts the range-bound expectation.

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