Nifty & Bank Nifty positive in medium, short-term; buy on dips: Somil Mehta

Somil Mehta from Mirae Asset Sharekhan forecasts a continued uptrend for Nifty and Bank Nifty, setting immediate targets at 24,500 and 56,000, respectively. He highlights PSU banks like Bank of Baroda and Canara Bank as promising within the financial sector. Bajaj Auto and Federal Bank are his top stock picks, with specific stop-loss and target levels.