Chartist Talks: After Jane Street manipulation allegations, Hedged's Rahul Ghose outlines 4 measures SEBI may soon consider
SEBI’s recent actions and public statements indicate a clear intent to prioritise market stability and investor protection, even if it means imposing stricter controls on sophisticated market participants, said Hedged's Rahul Ghose.
Chartist Talks: Sudeep Shah of SBI Securities explains why he is bullish on these 6 stocks but flags Glenmark Pharma as overbought
Glenmark is in an extreme overbought zone as per RSI range shift rules. Hence, Sudeep Shah of SBI Securities believes it is likely to slide into the period of consolidation for the short term.
Chartist Talks: Bank Nifty on track to hit 60,000 milestone before Diwali, bullish on these 4 stocks, says SBI Securities' Sudeep Shah
Backed by strong technical indicators and firm sectoral participation, Nifty now looks poised to extend its northward journey in the coming weeks and is likely to test the level of 25,800, followed by 26,100 in the short term, said SBI Securities' Sudeep Shah.
Chartist Talks: Elliott Wave signals strong, fast Nifty rally ahead; Ashish Kyal recommends 2 picks for July
Ashish Kyal is expecting July series to be in positive for Bank NIfty as long as 56,600 remains protected on the downside for a move to 59,000 levels.
Chartist Talks: Nifty likely to trade between 24,400–25,200 this week, says JM Financial's Rahul Sharma
Technical charts suggests that while the overall trend in Bank Nifty remains sideways to bullish, a period of consolidation over the next few sessions is likely. Key support levels to watch are 55,000 and 54,400, said Rahul Sharma of JM Financial.
Chartist Talks: SBI Securities' Sudeep Shah bets on these 6 stocks, believes momentum strong in Bank Nifty
Given the current chart structure and improving momentum indicators, Bank Nifty is likely to continue its upward move and may test the 56,800 level in the near term with a potential extension toward 57,500, Sudeep Shah of SBI Securities said.
Chartist Talks: Rahul Ghose believes Nifty unlikely to surpass record high soon, recommends tracking IT index
The possibility of record high in Nifty Midcap and Smallcap 100 indices would be only when the broader market stabilizes in the next 3 to 5 months, said Rahul Ghose.
Chartist Talks: Sudeep Shah of SBI Securities urges caution, reveals top stock ideas for the coming week
Traders are advised to adopt a wait-and-watch approach in the next couple of sessions until a clear breakout or breakdown confirms the next leg of the move, said Sudeep Shah.
Chartist Talks: Dharmesh Shah expects Nifty 50 to hold 24,500 this week, Bank Nifty to head toward 58,000 in coming months
Rate sensitive sectors like banking, NBFC, realty, auto, and capital goods would be in focus, going ahead, said Dharmesh Shah of ICICI Securities.
Chartist Talks: SBI Securities' Sudeep Shah still sees nearly 4% upside in Bank Nifty, bullish on these 4 stocks
Technically, all the moving averages and momentum-based indicators suggest strong bullish momentum in the Bank Nifty index. The daily RSI is quoting at 67.45, and it is in rising trajectory, which suggests strong bullish momentum.
Chartist Talks: June breakout on the cards? Sudeep Shah bets on these 2 stocks for next week
In terms of key levels, the zone of 25,050–25,100 will act as an immediate resistance for Nifty 50. A sustained move above 25,100 could open the gates for a sharp rally towards 25,500, followed by 25,700 in the short term, said Sudeep Shah of SBI Securities.
Chartist Talks: Sudeep Shah sees breakout in Bank Nifty, northward journey in Nifty 50; bets on these 2 stocks for next week
In terms of key levels, the zone of 24,950–25,000 will act as an immediate resistance for Nifty 50. A decisive close above 25,000 could unlock further upside towards 25,300 and eventually 25,500 in the short term, said Sudeep Shah.
Chartist Talks: SBI Securities' Sudeep Shah bullish on these 6 stocks, but recommends avoiding fresh position in defence sector
From a technical standpoint, the current chart structure suggests that the bullish momentum is likely to extend into the coming week, said Sudeep Shah of SBI Securities who expects the Nifty to move toward 25,300 in the short term, with the potential to stretch further toward 25,600.
Chartist Talks: ICICI Securities' Dharmesh Shah expects Nifty to clock a fresh all-time high in coming quarter
Dharmesh Shah of ICICI Secuities believes the Bank Nifty is undergoing healthy consolidation that would set the stage for next leg of up move towards 57,000 in coming months.
Chart Check: Nifty may attempt to test new highs, rotate money into laggards, says Rahul Ghose of Hedged
This is also a good time to rotate capital into laggards with improving structures, rather than stocks that have already doubled or tripled in the recent run-up, said Rahul Ghose of Hedged.
Chartist Talks: SBI Securities' Sudeep Shah advises caution, picks these 2 bluechips
Talking about crucial levels, the zone of 23,850-23,800 will act as a crucial support for the Nifty 50 next week. However, on the upside, the zone of 24,250-24,300 will act as a crucial hurdle for the index, said Sudeep Shah of SBI Securities.
Chartist Talks: ICICI Securities' Dharmesh Shah advises not to panic amid Indo-Pak tension-led correction, steam still left in defence pack
Looking at the broader bullish structure, Dharmesh Shah of ICICI Securities believes there is still steam left in the defence pack
Chartist Talks: ICICI Securities' Dharmesh Shah sees potential golden crossover and 25,000 in Nifty in current month
The ongoing breather would make market healthy, which will eventually help the Nifty 50 to cross the resistance mark of 24,500 and lead further towards 25,000 mark
Chartist Talks: Sudeep Shah of SBI Securities bullish on these 4 stocks; sees strength in IndusInd Bank but recommends avoiding
From a technical perspective, Nifty continues to trade well above its key short and long-term moving averages, which further reinforces the bullish bias. Interestingly, the daily RSI has recently taken support near 60 mark and thereafter witnessed a rebound, which is a bullish sign as per RSI range shift rules, said Sudeep Shah of SBI Securities.
Chartist Talks: Ashish Kyal bets on these 2 stocks as Nifty seems to be moving toward 25,000
As long as major supports are intact near 23,200 which is the Gap area, any correction in Nifty 50 will be a healthy sign that will form the base for the next leg on upside, he said in an interview to Moneycontrol.
Chartist Talks: Accumulate largecap IT stocks, Nifty may cool off more before getting upward toward 25,000, says ICICI Securities' Dharmesh Shah
In the current scenario, tracking the geopolitical worries, Dharmesh Shah of ICICI Securities expects the market to remain volatile in coming weeks.
Chartist Talks: Sudeep Shah of SBI Securities believes FIIs cautiously optimistic on market, bets on these 2 picks for next week
Any sustainable move above the zone of 23,900-23,940 will lead to a sharp upside rally in the Nifty 50 upto the level of 24,200, followed by 24,500 in the short term, said Sudeep Shah of SBI Securities.
Chartist Talks: Ashish Kyal eyes 55,000 on Bank Nifty next week; reveals post-rally Nifty 50 strategy
Short term consolidation in Nifty 50 is possible, but it is best to use dips as buying opportunity for move to 24,200 over near term.
Trump bottom in place? Dharmesh Shah of ICICI Securities explains why Nifty at 24,000 in May, picks this strategy for this week
Any dip towards 22,300 should not be construed as negative instead that should be considered as buying opportunity for Nifty 50, said Dharmesh Shah of ICICI Securities.
Cautious market sentiment persists: SBI Securities’ Sudeep Shah on FII moves for coming week, bullish on 5 stocks
Considering the current chart structure, Sudeep Shah of SBI Securities recommends adopting a cautious stance and stock-specific approach.
