Milan Vaishnav, CMT, anticipates Nifty 50 and Bank Nifty will reach new record highs within the next year, citing a strong support base. However, he cautions that market breadth needs significant improvement for the uptrend to be sustainable. Vaishnav notes that while the Nifty 50 has hit new highs, the broader Nifty 500 remains below its previous peak, indicating potential weakness. He also expressed bullishness on specific stocks like IDFC First Bank and Hindustan Copper.