Technical analyst Sudeep Shah of SBI Securities anticipates the Nifty 50 could reach 26,500 and potentially 26,700, with Bank Nifty targeting 60,600 and 61,200. He favors Glenmark Pharma and UNO Minda due to chart breakouts, sees potential for NHPC and Bosch to continue their upward trend, but advises caution on ITC following a recent decline. Indian equities began the year strongly, with the Nifty hitting record highs after a period of consolidation.