Gautam Shah, Founder of Goldilocks Global Research, is optimistic about the Indian stock market, predicting the Nifty to reach 26,700 by year-end and 27,500 in the medium term, with a breakout above 26,100 expected. He sees strong potential in midcaps and smallcaps, identifying the Bank Nifty as a key driver aiming for 67,000. Shah favors PSU banks and NBFCs but advises profit-booking in gold loan stocks and remains cautious on the IT sector.