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  • Market in overbought zone, Nifty50 could retest 10,900 in coming weeks: Samco Aug 15, 2020 12:22 PM IST

    Market in overbought zone, Nifty50 could retest 10,900 in coming weeks: Samco

    The week gone by ended with a huge red candle erasing gains from the start of the week. This is seen as a correction, as the short term trend for the market has turned down.

  • Lockdown led to emergence of "Robinhood traders" who propelled rally in penny stocks Aug 12, 2020 09:08 AM IST

    Lockdown led to emergence of "Robinhood traders" who propelled rally in penny stocks

    Retail investors have always been known for bottom-fishing in the hope of getting outrageous returns in a very short period.

  • Market is possibly factoring in events 6-9 months ahead: Umesh Mehta Aug 10, 2020 09:45 AM IST

    Market is possibly factoring in events 6-9 months ahead: Umesh Mehta

    Investors should watch out for the US’ second stimulus package. This move is expected to lift the overall sentiment of the US market and, in turn, markets across the globe.

  • Heads up! Nifty portraying bearish outlook, may retest 10,500 in August series Aug 01, 2020 08:37 AM IST

    Heads up! Nifty portraying bearish outlook, may retest 10,500 in August series

    The Nifty50 is portraying a bearish outlook and a decisive break below 11,000 can lead to a retest of 10,600 which is a possibility in a couple of weeks.

  • Speculative trading by retail investors may be the reason for wild swings in mid & smallcaps: Umesh Mehta Jul 25, 2020 12:26 PM IST

    Speculative trading by retail investors may be the reason for wild swings in mid & smallcaps: Umesh Mehta

    Retail turnover has increased to about 57 percent of the average cash volumes on the exchanges in the first quarter FY21 while daily deliveries have seen a dip.

  • Pharma stocks in focus! Lupin, Ajanta Pharma are on next leg of upside: Umesh Mehta Jul 18, 2020 10:43 AM IST

    Pharma stocks in focus! Lupin, Ajanta Pharma are on next leg of upside: Umesh Mehta

    Pharma stocks have witnessed a brief halt/pullback towards short term moving averages, however, the trend is still positive. Some of the players have started their next up leg.

  • RIL 43rd AGM eyed, deploy sell on rally for Bank Nifty Jul 12, 2020 10:40 AM IST

    RIL 43rd AGM eyed, deploy sell on rally for Bank Nifty

    It is expected that domestic cues may not have any major impact going ahead for the next few weeks and global signals may dictate the behavior of domestic bourses.

  • Q1FY21 will be a complete washout, but watch out for management commentary: Umesh Mehta Jul 05, 2020 10:29 AM IST

    Q1FY21 will be a complete washout, but watch out for management commentary: Umesh Mehta

    The index is hovering around 10,600-10,700 levels, which might turn into a crucial resistance, and support is now placed at 10,300, Samco Securities's Umesh Mehta told Moneycontrol.

  • Exposure to small & midcaps should be 20% despite recent outperformance: Umesh Mehta Jun 27, 2020 03:20 PM IST

    Exposure to small & midcaps should be 20% despite recent outperformance: Umesh Mehta

    Sheer underperformance and the oversold state of small and midcap stocks have resulted in outperformance when the market, in general, bounced back from lower levels.

  • Listing Jio and Reliance Retail will create wealth from a 3 to 5 year perspective: Umesh Mehta Jun 20, 2020 03:20 PM IST

    Listing Jio and Reliance Retail will create wealth from a 3 to 5 year perspective: Umesh Mehta

    The current 94% rally in the past 3 months in the Reliance Industries Limited stock is unsustainable as the human mind can easily extrapolate but markets act differently all the time.

  • A second wave or an extended lockdown will be disastrous for India: Umesh Mehta Jun 13, 2020 12:45 PM IST

    A second wave or an extended lockdown will be disastrous for India: Umesh Mehta

    India’s cases are already on a rise with no sign of peaking. But, since businesses are gradually opening up, the expectation is that earnings should normalise in two quarters at least for a few sectors.

  • 10,450-10,500 are likely to be crucial hurdles for Nifty: Umesh Mehta Jun 06, 2020 08:59 AM IST

    10,450-10,500 are likely to be crucial hurdles for Nifty: Umesh Mehta

    Real estate, cement, infrastructure are showing weakness in technicals. Whereas, auto especially two-wheelers, pharmaceutical, and FMCG are showing resilience on a technical front.

  • ‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’ May 30, 2020 09:19 AM IST

    ‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’

    Now a decisive break of the range of 9,900-10,000 still looks difficult and another round of equity sell-off cannot be ruled out unless we surpass this range.

  • Safer for investors to avoid banking stocks for now: Umesh Mehta May 24, 2020 09:39 AM IST

    Safer for investors to avoid banking stocks for now: Umesh Mehta

    Global cues will continue to shadow Indian benchmark indices this week. Traders should keep an eye out for support levels at 8,700 and resistance levels at 9,200 in the Nifty50, Samco Securities' Umesh Mehta told Moneycontrol.

  • Testing March lows has higher odds but the journey will be slow: Umesh Mehta May 16, 2020 09:09 AM IST

    Testing March lows has higher odds but the journey will be slow: Umesh Mehta

    Despite the infusion of Rs. 20 lakh Cr. by the Government, the Street was disappointed which led the markets to bow down to the selling pressure.

  • Investors' can hold HUL post March quarter results; sell Tech Mahindra: Umesh Mehta May 02, 2020 08:10 AM IST

    Investors' can hold HUL post March quarter results; sell Tech Mahindra: Umesh Mehta

    HUL’s quarterly show missed Street estimates on an overall front and the underlying volumes contracted by 7 percent as demand fell due to the COVID-19 lockdown, the highest decline since demonetization quarter.

  • D-St awaits more fiscal measures as RBI’s Bazooka 2.0 was rather conservative Apr 18, 2020 05:56 PM IST

    D-St awaits more fiscal measures as RBI’s Bazooka 2.0 was rather conservative

    The Nifty50 is expected to face stiff resistance at 9300 which is a 38 percent retracement of the entire fall. Any weakness below 9000 will begin another round of selling in the market.

  • 'After lockdown, V-shaped recovery possible in auto, NBFCs, private banks, metals' Apr 10, 2020 11:24 AM IST

    'After lockdown, V-shaped recovery possible in auto, NBFCs, private banks, metals'

    Auto, auto ancillaries, NBFCs, private banks, and metals will witness recovery, says Umesh Mehta of Samco Securities.

  • April 2020 could reasonably be better as markets are deeply oversold: Umesh Mehta Apr 04, 2020 09:17 AM IST

    April 2020 could reasonably be better as markets are deeply oversold: Umesh Mehta

    The Nifty50 has retraced 61 percent from lows of 7,500 to highs of 9,050. Therefore, 8,000-8,200 levels should act as a support zone for a bounce-back rally which can take Nifty50 to 8,800-9,000 levels

  • For the time being, 7,511 can be taken as a bottom in the intermediate-term: Umesh Mehta Mar 29, 2020 04:15 PM IST

    For the time being, 7,511 can be taken as a bottom in the intermediate-term: Umesh Mehta

    April may turn out to be a sucker’s rally where the fence-sitters will be pulled in. We will see some amount of price stabilizing but a major rally to go past 10,000 on the Nifty is less likely.

  • Kotak, TCS, Dabur among 6 stocks to lead bull run of next 10 years: Umesh Mehta Mar 16, 2020 02:24 PM IST

    Kotak, TCS, Dabur among 6 stocks to lead bull run of next 10 years: Umesh Mehta

    Ideally, the best time to invest is when fear grips the market. The downfall is purely sentimental rather than being backed by deteriorating fundamental business prospects.

  • Catch the fear! These 60 BSE 500 stocks have risen over 1,000% since 2008 lower circuit Mar 16, 2020 10:20 AM IST

    Catch the fear! These 60 BSE 500 stocks have risen over 1,000% since 2008 lower circuit

    D-Street has always been exposed to greed as well as fear and it is the fear that helps long-term investors build wealth, say experts.

  • Geopolitical concerns are short-term triggers but 2020 will be far better than 2019 Jan 04, 2020 08:56 AM IST

    Geopolitical concerns are short-term triggers but 2020 will be far better than 2019

    The 12,130 level should be a strong support to watch out for in the coming week. A good amount of profit booking can emerge if markets cross this level on the downside.

  • 'Market showing signs of topping out; Nifty will rest before climbing new highs' Nov 03, 2019 09:34 AM IST

    'Market showing signs of topping out; Nifty will rest before climbing new highs'

    A fresh record high immediately seems unlikely, however, post a significant correction market will move up higher again, says Umesh Mehta of Samco Securities

  • 'ITC, Kotak Bank among 5 stocks which could create wealth in next 2-3 years' Oct 15, 2019 10:41 AM IST

    'ITC, Kotak Bank among 5 stocks which could create wealth in next 2-3 years'

    Umesh Mehta recommends 5 stocks that would be wealth creators for the next 2-3 years would be Hindustan Zinc, HDFC, SBI Life Insurance, Kotak Mahindra Bank and ITC.

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