Sunil Koul, Emerging Market Equity Strategist at Goldman Sachs, forecasts the Nifty to be range-bound at 23,000 in the next three months due to global uncertainties, particularly US tariffs. However, with an anticipated 12% earnings growth, he projects a 13% upside to 25,500 over 12 months. Koul emphasizes investing in quality companies with resilient earnings and strong fundamentals.