There was a bullish mood in the stock market on Friday. Nifty traded above the level of 23800. Last week, the market fell for five consecutive trading sessions. After this, this week was a short week due to Christmas week and the market saw trading in a range.

The stock market showed some gains in Friday's session and the market showed buying from its support level. Some positivity was seen in the market before the end of calendar year 2024.

Experts and brokerage houses are paying attention to how much movement can there be in Nifty in the coming year i.e. in the year 2025?

Technical analyst Jai Thakkar of ICICI Securities expects that Nifty can reach new peaks in the year 2025. He said that despite the recent correction in the last 3 months, the bulls have an edge as they will dominate.

He said that the recent bullish phase will continue next year as well and Nifty will cross the previous all-time high level of 26,277.35 touched on 27 September 2024.

He said that DII's share in Indian equity is 38 percent, while FII's share has come down to 16 percent.

He said, "This time, due to increased DII flow, mid and smallcap indices have performed better than Nifty and Sensex. DII flow in the Indian market is expected to continue in 2025 as well."

The analyst said that there will be more liquidity flow in the Indian markets in the coming time and the target for Nifty 2025 is 27,500. He said that Nifty has strong support at the level of 21,800 to 22,000.

While revealing his top stock picks for the year 2025, Jai Thakkar said that sectors like pharma, consumer and capital goods can perform well next year. He said that he will bet on three stocks next year. While naming the three stocks, he named Dr. Reddy's, Laurus Labs and Divi's Lab. All three are pharma sector stocks and they can have a good rise in the coming days.