Sun Pharma has been in a long-term uptrend. The stock, unlike its peers, is moving steadily and giving periodic dips. This price action has led to the formation of a higher top, higher bottom structure, says Siddharth Bhamre of InCred Capital. Buy it in the Rs 685-695 range, for a target of Rs 810, he recommends.
Many people come and go in our lives but there are few who create an everlasting impression on us. Vinay Agrawal was one such personality, says Bhamre.
Since defensives have been performing well because of which the Nifty outperformed the Bank Nifty, positional traders, depending on their orientation, should check-in the index accordingly, says Bhamre.
It’s difficult to make accurate entry and exit in the market but hedging your portfolio at an appropriate time is quite manageable. Now is the time.
With one side move in Nifty, support levels are far below, which makes the life of a positional trader difficult to identify stop loss levels without compromising on risk-reward ratio.
As far as midcaps are concerned, there is a clear double top formation in CNXMIDCAP index which suggests near-term top. The same sort of formation took place in the month of February 2020.
The Nifty is still in an uptrend unless it closes below 10,900. So, it is the Nifty for the bulls and the Bank Nifty for the bears.
Watch the interview of Sudarshan Sukhani of s2analytics.com, Rajat Bose of rajatkbose.com, Prakash Gaba of prakashgaba.com, Prakash Diwan of prakashdiwan.in and Siddarth Bhamre of Angel Broking with Latha Venkatesh and Reema Tendulkar on CNBC-TV18.
Watch the interview of Prakash Gaba of prakashgaba.com, Ashwani Gujral of ashwanigujral.com, Rajat Bose of rajatkbose.com, Prakash Diwan of prakashdiwan.in and Siddarth Bhamre of Angel Broking with Latha Venkatesh and Reema Tendulkar on CNBC-TV18.
Watch the interview of Rajat Bose of rajatkbose.com, Ashwani Gujral of ashwanigujral.com, Prakash Gaba of prakashgaba.com, Prakash Diwan of prakashdiwan.in, and Siddarth Bhamre of Angel Broking with Latha Venkatesh and Reema Tendulkar on CNBC-TV18.
Watch the interview Rajat Bose of rajatkbose.com, Ashwani Gujral of ashwanigujral.com, Prakash Gaba of prakashgaba.com, Prakash Diwan of prakashdiwan.in, and Siddarth Bhamre of Angel Broking with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Siddarth Bhamre, Head-Equity Derivatives at Angel Broking advises shorting Infosys with a target of Rs 1108.
Jyotivardhan Jaipuria, founder and MD of Veda Investment Managers, says over the next two weeks India will perform in line with global markets. The performance of global markets in turn will depend on policy actions of central banks — Bank of Japan and US Federal Reserve.
Watch the interview of Rajat Bose of rajatkbose.com, Ashwani Gujral of ashwanigujral.com, Prakash Gaba of prakashgaba.com and Siddarth Bhamre of Angel Broking with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Watch the interview of Ashwani Gujral of ashwanigujral.com, Rajat Bose of rajatkbose.com, Prakash Gaba of prakashgaba.com, Siddarth Bhamre of Angel Broking and Prakash Diwan of prakashdiwan.in with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. They shared their reading and outlook on the market and also gave recommendations on various stocks.
Siddarth Bhamre, Head Equity Derivatives at Angel Broking recommends going long in ONGC and Godrej Industries and feels that Reliance Industries may test Rs 991.
Watch the interview of Rajat Bose of rajatkbose.com, Prakash Gaba of prakashgaba.com, Ashwani Gujral of ashwanigujral.com, Prakash Diwan of prakashdiwan.in, and Siddarth Bhamre, Head Equity Derivatives at Angel Broking with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
On banks, Independent market expert Jyotivardhan Jaipuria says "Over the last one year, most of the banking stocks — whether it is in India, Japan, China, Europe — have underperformed by a massive margin."
Watch the interview of Prakash Gaba of prakashgaba.com, Rajat Bose of rajatkbose.com, Shubham Agarwal of Motilal Oswal Securities, Siddarth Bhamre of Angel Broking and Prakash Diwan of prakashdiwan.in with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Siddarth Bhamre - Head Equity Derivatives at Angel Broking is of the view that one may see substantial upside in Hindalco Industries.
Siddarth Bhamre - Head Equity Derivatives at Angel Broking expects upside in HDIL and feels that DLF may head higher.
Watch the interview of Prakash Gaba of prakashgaba.com, Rajat Bose of rajatkbose.com, Shubham Agarwal of Motilal Oswal Securities, Prakash Diwan of prakashdiwan.in and Siddarth Bhamre, Head Equity Derivatives at Angel Broking with Latha Venkatesh, Reema Tendulkar and Sonia Shenoy on CNBC-TV18.
Market expert, Anand Tandon says, "There is not much joy in the market for people who want to be bullish. Although earnings for the third quarter have been decent, no major upsides are seen in forecasted earnings at least for another 6-12 months."
Watch the interview of Shubham Agarwal of Motilal Oswal Securities, Rajat Bose of rajatkbose.com, Prakash Gaba of prakashgaba.com, Prakash Diwan of prakashdiwan.in and Siddarth Bhamre of Angel Broking with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Watch the interview of Prakash Gaba of prakashgaba.com, Rajat Bose of rajatkbose.com, Shubham Agarwal of Motilal Oswal Securities, Siddarth Bhamre of Angel Broking and Prakash Diwan of prakashdiwan.in with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.