Nifty is heading for 26,000. That is the call from Amit Goel, Co-founder and Chief Global Strategist at PACE 360, who sees the benchmark index climbing to the 26,000-27,000 range over the next two to four months. It sounds aggressive, but Goel is positioning his firm accordingly. PACE 360 is slashing its fixed-income exposure—previously a high allocation—to become largely invested in equities, gold, and silver within the next two weeks. The strategy assumes the current cross-asset weakness is a temporary blip, not a structural break.
The catalyst, according to Goel, is the unwinding of pressure from rising US bond yields and a stronger dollar. These factors have battered Indian equities, emerging markets, and even US stocks recently. But he expects this squeeze to ease in the near term. "I can safely say that over the next week to 10 days, most of the asset classes will find their bottoms," Goel stated. He is looking for a "handsome rally" in gold, silver, and broader markets over the subsequent two to three months.
For metal traders, the timing is precise. Goel warns that gold and silver may extend recent lows by another 1-3% over the next one to two weeks. This is a relief rally, not a new bull market. "We are not looking at 30-40% up moves," he clarified. The math suggests gold could rise 10-15% from its eventual bottom, while silver might gain 15-20%. After that recovery, he expects the broader bear market in precious metals to resume.
The takeaway for active traders is clear: buy the dip in the next fortnight, hold for the rally, and prepare for the next leg down. Goel’s optimism on Nifty is grounded in the expectation that risk assets recover before the next phase of the market cycle unfolds. The window is tight, the targets specific, and the positioning is bold.