How Is CLSA’s Laurence Balanco Reading Nifty and Gold Trends Amid Global Market Shifts?
CLSA’s Technical Outlook on Nifty and Gold
Global technical strategist Laurence Balanco of CLSA, speaking on CNBC-TV18, offered a nuanced view on global and Indian markets, maintaining his bullish stance on the Nifty while expecting a period of consolidation in gold prices. Balanco, known for his data-backed technical frameworks, noted that the structure of the Indian market remains strong despite global uncertainties.
📈 He highlighted key support levels for Nifty at 24,000–24,300 and set a bullish target of 26,300, indicating that any pullbacks within this range should be viewed as buying opportunities. According to Balanco, India remains among the most resilient markets in the emerging space due to stable domestic liquidity and structural reform momentum.
On the commodity side, he refrained from revising his targets on gold, noting that historically a 20% premium phase is often followed by a period of consolidation. This observation suggests that gold may pause before resuming its uptrend, particularly as global inflation expectations stabilize.
According to Gulshan Khera, CFP®, Indian-Share-Tips.com’s Nifty Expert and SEBI Regd Investment Adviser, “Balanco’s framework reinforces the strength of Indian equities amid global cross-currents. The Nifty’s consolidation zone between 24,000 and 24,300 could act as a base for the next leg higher, especially if global liquidity remains supportive.”
Traders looking to capture this momentum may follow short-term trend shifts through our Nifty Tip for actionable, SEBI-compliant setups.
Global Market Context: Dollar Weakness and S&P 500 Dynamics
💡 Balanco also pointed out that a weaker US dollar index continues to favor emerging markets, including India. He emphasized that sustained dollar weakness could support capital flows and stabilize currencies in the developing world, creating a favourable backdrop for equities in Asia.
He cautioned, however, that the S&P 500 must hold above its 50-day moving average (DMA) to sustain the broader emerging market uptrend. A breach below this level could trigger risk-off sentiment and temporary corrections across equity markets globally.
Given the strong correlation between global risk sentiment and Indian financials, market participants may also assess hedged opportunities using our Bank Nifty Intraday Advisory for precision-based tactical entries.
CLSA’s Broader Technical Message
⚠️ While the near-term narrative remains constructive, Balanco urged caution around over-leveraged positions, highlighting that post-rally consolidation is natural and healthy. He also reaffirmed that relative strength in India’s market breadth and midcap participation continues to justify a bullish bias heading into FY26.
He added that both domestic and global cues will remain interlinked, with dollar weakness, stable oil prices, and corporate earnings momentum being key drivers for the Indian equity rally through the remainder of the financial year.
Technical analysts widely see Balanco’s 26,300 Nifty projection as achievable if the current consolidation holds above the defined support zones, suggesting that India could remain one of the outperformers in global equity benchmarks.
Investor Takeaway
🎯 CLSA’s Laurence Balanco continues to back Indian equities, identifying the 24,000–24,300 range as strong support and 26,300 as a potential target. His observations on gold consolidation and dollar weakness underscore a supportive environment for emerging markets. For investors, the focus should remain on disciplined accumulation during pullbacks and careful tracking of global cues such as the S&P 500’s technical structure.
Explore more insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Related Queries
- Why Is CLSA’s Laurence Balanco Bullish on Nifty Despite Global Volatility?
- How Are Gold and S&P 500 Levels Shaping Global Equity Trends?
