As the domestic equity benchmarks hover around record territory, investors are closely watching how the market navigates the monthly expiry week. Despite global volatility, Indian indices have shown remarkable resilience, and analysts believe the broader trend still favors buying on dips. When asked about the road ahead, Dharmesh Shah from ICICI Direct in an interview … Read more
“Going forward, we believe that “buy the dip” should be the strategy. Yes, near-term volatility cannot be ruled out, but one shouldn’t lose sight of the structural bull market. Corrections are a natural part of such a market. Historically, the market always finds some reason to correct—earlier it was geopolitical tensions, now it’s the tariff … Read more
“The biggest resistance for the Nifty for last five weeks was around 25,200, we have been consolidating in this 700 points. We expect market to see a target of around 25,700 for Nifty in the coming few weeks. So, market likely to see 25,700 as a target. On the downside we will believe 24,400 to … Read more
“It is the right time to stick to the domestic side, where again the sectors like banking, again financially, if you look even in this current corrective phase banking as a sector clearly is showing the relative outperformance even in this current corrective phase,” says Dharmesh Shah, ICICI Direct. What should one expect because I … Read more
“Right now, it’s hard to say what to buy, but it’s best to wait for a reversal. Nifty has strong support at 23,800, with resistance around 24,600 to 24,700. Going short now is not advisable—any positive news could trigger a pullback to 24,500 or 24,600,” says Dharmesh Shah, ICICI Direct. Very interesting data point Soumeet … Read more
“We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So, banking, metals, power space as a whole looks positive from the current levels,” says Dharmesh Shah, ICICI Direct.Any sector-specific moves that you are seeing? Any sectors that you are liking … Read more