Latest news with #DharmeshShah
Mint
2 hours ago
- Business
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying PFC shares tomorrow- 14 July 2025
Stock market news: The equity benchmark indices, Sensex and Nifty 50, fell for a third consecutive session on Friday, decreasing by nearly 1% due to substantial selling in IT, auto, and energy sectors amid a lackluster start to the earnings season. Uncertainties related to tariffs and mixed trends in global markets further contributed to the downturn, analysts noted. The Sensex dropped by 689.81 points or 0.83% to close at 82,500.47. Throughout the day, it experienced a decline of 748.03 points or 0.89%, reaching 82,442.25. Likewise, the Nifty 50 fell by 205.40 points or 0.81% to 25,149.85. Over the week, the BSE benchmark decreased by 932.42 points or 1.11%, while the Nifty 50 fell by 311.15 points or 1.22%. Dharmesh Shah of ICICI Securities expects Nifty 50 to gradually resolve higher and head towards 25,800 in coming month. Shah has recommended one stock to buy for short-term. Investors should consult experts before making decisions. Here's what he expects from Indian stock market next week, along with his stock recommendation. Equity benchmarks extended breather over second consecutive week amid lack of clarity on India - US bilateral trade deal. Consequently, Nifty 50 settled the week at 25,150, down 1.2% for the week wherein broader market relatively underperformed by losing >1.5%, each. Sectorally, IT, Defence extended losses while FMCG and MNC stocks relatively outperformed. The weekly price action formed a bear candle carrying lower high-low, indicating extended breather. We expect volatility to remain elevated amid progression of earning season coupled with Tariff related development wherein strong support is placed at 24,800 levels. Currently, index is undergoing healthy consolidation wherein over past 10 sessions Nifty 50 has merely retraced 50% of preceding 10 sessions up move. Slower pace of retracement while trading in the vicinity of 20 days EMA, highlights robust price structure. Hence, any dip from hereon should be capitalised to accumulate quality stocks with strong earnings as we expect Nifty 50 to gradually resolve higher and head towards 25,800 in coming month. a. All eyes will be on outcome of US-India bilateral trade deal coupled with progression of Q1FY26 earning season which will dictate the further course of action. b. Falling US Dollar index would act as boon for equities that would eventually result into FII's inflow. c. India VIX has extended losses and likely to close at one year low of 12, indicating participants anxiety at lowest level. Structurally, the formation of higher peak and trough while absorbing host of negative news around geo-political uncertainties coupled with clarity of trade tariff. Further, strong market breadth depict strength as currently 60% stocks of Nifty 500 universe are trading above 200 days SMA compared to last month's reading of 52% that bodes well for durability of ongoing structural up move. Dharmesh Shah of ICICI Securities recommends buying Power Finance Corporation Ltd (PFC) shares this week. Buy PFC shares in the range of ₹ 415-430. He has PFC share price target of ₹ 478 with a stop loss of ₹ 388. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 11/07/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Time of India
4 days ago
- Business
- Time of India
Bullish on 4 sectors from medium perspective; Phoenix Mills, JSW Infra 2 top picks: Dharmesh Shah
Dharmesh Shah , AVP, Technical Analyst, ICICI Direct , says Indian markets are consolidating, with strong support around 25,200-25,100 on the Nifty. Metals, real estate, PSU banks are the ones one should definitely look out from the medium perspective. While awaiting the US-India trade deal outcome and Q1 numbers, stock-specific actions dominate. Real estate remains positive, with Phoenix Mills as a top pick due to its retail expansion plans. JSW Infra is favored in logistics, with a target of Rs 336 and a stop loss of Rs 296. What is your take on the market and what are going to be your picks for investors? Dharmesh Shah: The market seems to be looking for a bit of a breather. There is anxiety ahead of the US-India trade deal. We believe going forward the market should trade positively because the Nifty seems to be consolidating above the breakout levels which also coincides with the 20-day EMA which is placed at around 25,200. So, 25,200, 25,100 remains to be the very strong support. I agree that the markets are lacklustre; there is more of a stock specific action. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now The market is waiting for this event to pan out and more importantly, is looking out for the Q1 numbers. So, stock-specific actions are likely to continue. If you look at the broader picture, we expect the Nifty to head towards 25,800 in the coming month with strong support at 25,200 because if you look at the market breadth, that is a good indicator to understand the sentiment of the market. If you look at the market breadth, the percentage of stocks trading above 200-day moving average of CNX 500 is currently at 60% compared to 52% last month. It looks like maybe in the near term, we see more of a consolidation, but it is more of a buy-on-dip market with strong support at 25,200 and target of 25,800 to 26,000 in the coming month. If I take an analogy of a football match, this market is behaving like two goals this side, two goal that side, and ending in a draw. Which are the sectors one should pencil in or one should wait and watch before entering the market? Dharmesh Shah: The sectors to talk about include banking. It is clearly outperforming even in this current corrective phase of the market. Particularly, PSU banks appear to be on the verge of a breakout. We believe PSU banks are the one sector which we like. We can see an uptick coming in the coming months. Apart from that, real estate as a sector, in the last two months, post RBI rate cut, has seen a sharp recovery. But what is happening now is nothing but a retracement of that rally. So, we believe in the real estate sector, banking. Metals. It looks like a retracement is happening. Metals should be bought on any dip. So, metals, real estate, PSU banks are the ones one should definitely look out from the medium perspective. Live Events You Might Also Like: Global headwinds: Should one focus on largecaps or look at midcaps and smallcaps? Nilesh Shetty answers What is your stance on stock-specific approaches? The sectors are doing a lot of churning, but at the same time, which are the stocks on the radar? Dharmesh Shah: Definitely. We remain positive in real estate. Phoenix Mills remains our top pick. On Tuesday, we saw a strong move from Phoenix Mills and the company seems to be expanding its portfolio into the retail segment. The target of 18 million square feet is a good positive going for Phoenix Mills. But coming to technical, again we believe that the stock seems to be forming the base at about 100 week EMA. Since November 2020, the stock had never breached 100 week EMA on the closing basis and currently the monthly charts for the last nine months show that the stock has been consolidating in this range of 1640 to 1300. So, we expect a breakout happening for Phoenix Mills, on the higher side in the coming days and we expect the stock to head towards 1840 keeping a stop loss of around 1488. So, Phoenix Mills is one which remains to be our top pick inside the real estate space where the risk-reward looks more favourable at the current market price. Apart from that, coming to logistics, we like JSW Infra. The way things are panning out for most of this logistics, the sector has done nothing for a long time. We expect a gradual outperformance going forward for JSW Infra. Again, a strong base formation, 100-week EMA and joining the lows of strong buying demand emerging at the lower end of the rising channel, it looks like JSW Infra should see a relative outperformance in the days to come and we expect the stock to head towards Rs 336, keeping a stop loss of Rs 296. You Might Also Like: Is the puck moving from discretionary to consumer staples? Amnish Aggarwal answers
Mint
6 days ago
- Business
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Titan, NALCO shares today- 7 July 2025
Stock market today: India's stock market indices are expected to have a flat opening on Monday, as investors remain cautious ahead of the impending US tariff deadline. The Gift Nifty futures were reported at 25,535 points as of 7:58 IST, suggesting that the Nifty 50 will start close to its last closing value of 25,461. Asian equities opened lower after US officials indicated a postponement in the forthcoming tariffs but did not provide clarity or formal documentation, leaving investors uncertain about the nature of the change. Last week, both the Nifty 50 and Sensex experienced a decline of 0.7% each. Dharmesh Shah of ICICI Securities said Nifty 50 would head towards 25,800 in the coming week. Shah has recommended two stock to buy for short-term. Investors should consult experts before making decisions. Here's what he expects from Indian stock market next week, along with his stock recommendation. Equity benchmarks have taken a breather amid increasing anxiety ahead of trade deal deadline. Nifty 50 dropped 1% to settle the week at 25400. Sectorally, Consumption, Pharma, Defence remained at forefront while, realty, financials (ex- PSU Banks) underwent profit booking. The weekly price action formed a small bear candle carrying higher low, indicating pause in upward momentum after past two weeks up move. The index is sustaining well above recent consolidation breakout that coincided with 20 days EMA which has been majorly held since April-25. We believe, ongoing retracement would make market healthy and pave the way to head towards 25,800 in the coming week. Going ahead, all eyes will be on outcome of US-India bilateral trade deal coupled with onset of Q1FY26 earning season which will result into acceleration of ongoing uptrend. The better-than-expected outcome would fuel momentum to challenge All Time High in coming month wherein strong support is placed at 24,900. From the seasonality perspective, July has been the favourable month for Nifty 50 since 1991, 71% of the time returns have been positive with an average of 2.5%. Structurally, over past three months index has maintained its winning streak while absorbing host of negative news around geo-political uncertainties coupled with clarity of trade tariff. In the process, market breadth has shown gradual improvement as currently ~60% stocks of Nifty 500 universe are trading above 200 days EMA compared to last month's reading of 52% that bodes well for durability of ongoing up move. On the global macro front, weakness in US Dollar index would result into FII's inflow in emerging markets while cool off in Brent crude oil would boost the market sentiment. The formation of higher peak and trough makes us maintain our support base at 24,900 for the Nifty 50 which is based on 61.8% retracement of recent rally (24,473-25,654) and 20-day EMA. Dharmesh Shah of ICICI Securities recommends buying Titan and National Aluminium Company Ltd (Nalco) shares this week. Buy Titan shares in the range of ₹ 3,454-3,676. He has Titan share price target of ₹ 3,978 with a stop loss of ₹ 3,280. Buy Nalco shares in the range of ₹ 186-192. He has Nalco share price target of ₹ 216 with a stop loss of ₹ 174. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 04/07/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Time of India
24-06-2025
- Business
- Time of India
Buy the Dip: Dharmesh Shah sees midcap, smallcap rally ahead
On the downside we will believe 24,400 to 24,700 will act as a strong support for the Nifty ICICI Direct's Dharmesh Shah suggests a positive outlook for the Indian market, fueled by ceasefire news and falling crude oil prices. Nifty is expected to reach 25,700, with strong support between 24,400 and 24,700, indicating a buy-on-dip strategy. Shah recommends capital goods sector, particularly L&T, projecting a target of 3928 with a stop loss at 3570. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads "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 24,700 will act as a strong support for the Nifty," says Dharmesh Shah , ICICI definitely, the market started on very positive news after the news of ceasefire by US or Iran-Israel and also supported by the falling crude oil prices, that is something a big sentiment positive for 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 24,700 will act as a strong support for the any dip in market should be looked as a buying opportunity. So, we remain to be constructive positive for the market and again, I would say that the market breadth which is again a good indicator for the market, looks like there is a long way to go for the market because if you look at the midcaps and the smallcaps, we expect the action should now see a catchup activity in midcaps and smallcaps . So, it is clearly a buy on dip market for target of 25,700 for the if you look at the current structure of the market, the way that things seem to be setting up like you have a whole inflation and the interest rate cuts, the biggest beneficiary to this is again a capex driven capital goods as a sector we remain to be constructive positive for and the gradual recovery is expected for capital goods because the sector itself has seen a good correction of around 35% to 40% from the the capital goods we remain to be constructive positive for L&T. L&T again the stock has been witnessing a five months of falling trend line breakout supported by strong volumes and in the current corrective phase the stock seems to be finding a strong support at 20-day EMA, so keeping all things together looking at the weekly as well as the monthly chart, it looks like L&T should be looking for new high in the coming few days. So, yes, L&T for target of 3928, keeping a stop loss of 3570 we remain to be positive for L&T.
Economic Times
24-06-2025
- Business
- Economic Times
Buy the Dip: Dharmesh Shah sees midcap, smallcap rally ahead
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "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 24,700 will act as a strong support for the Nifty," says Dharmesh Shah , ICICI definitely, the market started on very positive news after the news of ceasefire by US or Iran-Israel and also supported by the falling crude oil prices, that is something a big sentiment positive for 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 24,700 will act as a strong support for the any dip in market should be looked as a buying opportunity. So, we remain to be constructive positive for the market and again, I would say that the market breadth which is again a good indicator for the market, looks like there is a long way to go for the market because if you look at the midcaps and the smallcaps, we expect the action should now see a catchup activity in midcaps and smallcaps . So, it is clearly a buy on dip market for target of 25,700 for the if you look at the current structure of the market, the way that things seem to be setting up like you have a whole inflation and the interest rate cuts, the biggest beneficiary to this is again a capex driven capital goods as a sector we remain to be constructive positive for and the gradual recovery is expected for capital goods because the sector itself has seen a good correction of around 35% to 40% from the the capital goods we remain to be constructive positive for L&T. L&T again the stock has been witnessing a five months of falling trend line breakout supported by strong volumes and in the current corrective phase the stock seems to be finding a strong support at 20-day EMA, so keeping all things together looking at the weekly as well as the monthly chart, it looks like L&T should be looking for new high in the coming few days. So, yes, L&T for target of 3928, keeping a stop loss of 3570 we remain to be positive for L&T.
