The Nifty is poised to hit 26,300, says Dharmesh Shah, Vice President and Head of Technical and Derivatives Research at ICICI Direct, who believes India remains in a structural bull market. With defence stocks like Bharat Electronics (BEL) and PSU banks such as Canara Bank leading the rally, Shah advises investors to buy on dips near 25,400–25,600 as positive momentum and strong fundamentals continue to drive markets higher.