After a shaky start, the markets staged a smart recovery on Thursday afternoon, with banking stocks once again taking the lead. The Nifty rebounded from its intraday lows, while Bank Nifty outperformed sharply, rising nearly 320–330 points. Rahul Sharma from JM Financial Services in an interview to ET Now pointed to a significant technical setup … Read more
After nearly a year, the Nifty has convincingly crossed the 26,000 mark, hovering close to record highs. Market sentiment remains buoyant, but traders are already eyeing the next trigger — a potential US trade deal. “Basically, probably we are just one day away from the previous all-time high, may happen anytime soon,” said Rahul Sharma … Read more
The Indian equity market saw a cautious session on Thursday as the Nifty slipped below the critical 25,000 mark. Market participants are now closely watching the next support levels amid ongoing consolidation after a strong rally of over 1,000 points in recent weeks. Rahul Sharma, a market strategist, explained the current scenario for investors in … Read more
“So, from a derivative standpoint, 25,000 is a crucial support, whereas from a technical perspective 25,200 is something where we are expecting markets to take support and once we have some positive development on the upside, the moment we cross 25,550, 25,600 that is when fresh momentum can also come back. So, at this point … Read more
“Our view is to buy on dips, Nifty is looking good for 24,000 from a positional perspective. At 23,200, 23,300 the risk-reward is favourable for longs so keep a stop loss place around 22,000 on the closing basis and the view is to go long,” says Rahul Sharma, JM Financial Services.Look at the recovery that … Read more
“So, net-net, overall, things are getting better incrementally for the market and we are seeing that once this pullback is done, we should see another round of rally coming up in the market,” says Rahul Sharma, JM Financial Services.Give us a sense of the kind of levels that you are spotting for the Nifty as … Read more
“Going by the monthly put options on the Nifty seems like a good idea where we feel that these put options can double or even possibly triple from the current levels,” says Rahul Sharma, JM Financial Services. Third straight day of decline and today it is around 200 points down, that is what we are … Read more
Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know. While everybody is looking at the same stock prices, same charts and has access to the same balance sheets and management commentary, not everybody has the same outcome in their trading and investing … Read more
Rahul Sharma, Director, JM Financial Services, says “there is a very big breakout in Grasim. About 21 months of consolidation. Finally,, cement stocks are seeing a bit of attraction this week. Rs 2,200-2,500 is the projected target for the next 12 months. So both short term and long term, Grasim looks pretty solid. Also, go … Read more
“But I think technically speaking, as long as we are above 18600, Nifty should be fine. Dips should get bought into and what we also have to see is globally markets are also fine,” says Rahul Sharma, JM Financial Services.It is a growth oriented policy, yes. They brought down inflation expectation just a bit but … Read more