Latest news with #SudeepShah
Time of India
3 days ago
- Business
- Time of India
Cupid shares rally 64% in a week, hit new all-time high of Rs 152. Should you book profits?
Shares of Cupid Ltd rallied 63.7% over the past week to hit a fresh all-time high of Rs 152 on the BSE today, driven by strong technical momentum and rising volumes. The sharp uptrend comes amid consistent buying interest, supported by bullish technical indicators. Around 10:30 am on Monday, the stock's total traded quantity stood at 6.36 lakh shares, with a turnover of Rs 9.66 crore. The company's market capitalization was at Rs 3,948.84 crore. Explore courses from Top Institutes in Select a Course Category Data Science Public Policy others MBA Project Management healthcare Product Management PGDM Finance Data Analytics Degree Cybersecurity Data Science Healthcare Others Digital Marketing Management Artificial Intelligence Operations Management Leadership Technology CXO Design Thinking MCA Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Algeria Solar Panels: See How Much It Will Cost To Install Them (See Prices) Solar Panel | Search Ads Learn More Undo On Saturday, the company also informed that Aditya Kumar Halwasiya , Chairman and Managing Director of Cupid Ltd, featured in Avendus Wealth - Hurun lndia U30 List 2025. 'Cupid Limited, (BSE – 530843, NSE – CUPID), is delighted to announce that its Chairman & Managing Director, Mr. Aditya Kumar Halwasiya, has been named to the Avendus Wealth – Hurun India U30 List 2025 . This prestigious accolade recognizes India's most dynamic young leaders under 30 who are driving innovation, transformation, and sustainable growth in their respective fields,' the company's filing to the stock exchanges stated. After this sharp rally, how do analysts recommend trading the stock? Live Events According to Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research at SBI Securities, 'The price has moved up sharply, having risen nearly 34% in just the last 6 trading sessions. The strong move in the price was supported by a rise in volumes as well.' He added that the stock is trading above its key short and term long moving averages and the momentum indicators and oscillators are also reinforcing the bullish strength. Shah noted that Rs 115 is likely to act as a strong support level for the stock, while a follow-up move from current levels could push the price towards Rs 180, followed by Rs 200 levels in the short term. Meanwhile, Hardik Matalia, Derivative Analyst at Choice Broking, observed that the shares of Cupid are currently trading around Rs 146.77, hovering at record high levels after delivering a remarkable rally of nearly 165% from its April 2025 lows. He noted that the stock has been consistently forming higher highs and higher lows on the daily timeframe, reinforcing its strong bullish structure. However, Matalia highlighted that with the Relative Strength Index (RSI) at 85.86, the stock is now firmly in the overbought territory, indicating the possibility of an impending time-wise or price-wise correction in the near term. He further pointed out that the stock is trading well above all its key short-term and long-term moving averages, underlining the prevailing strong momentum, but cautioned that such steep rallies often invite consolidation or retracement, especially when momentum indicators are overheated. For short-term traders, Matalia suggested it 'would be prudent to book profits at current levels and consider re-entering on meaningful dips near support zones, once signs of stability or reversal emerge.' He also advised long-term investors already holding the stock to 'consider booking partial profits to lock in gains,' while monitoring for any healthy retracement, which could present an opportunity to accumulate further in a staggered manner. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
3 days ago
- Business
- Time of India
Top stocks to buy this week: What's the outlook for Nifty? Check stock recommendations with 3-month horizon
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities, Dalmia Bharat, and Godrej Properties Ltd are the top stock picks for this week. Here's his view on Nifty, Bank Nifty for the week starting July 21, 2025, and the top stock picks with a 3-month horizon: Nifty View Last week the benchmark index Nifty ended in the red for the third consecutive week, reflecting sustained bearish sentiment in the market. On the weekly chart, it has formed a bearish candle with a lower high and lower low's structure — a classic indication of downward momentum. Throughout the week, the index made three attempts to reclaim its 20-day EMA but faced rejection on all three occasions. It is now trading decisively below the 20-day EMA, which has started to edge lower, further reinforcing the bearish undertone. Additionally, the upward slope of the 50-day and 100-day EMAs has begun to flatten, signalling a potential loss of medium-term momentum. This slowdown in the EMA slope suggests growing indecisiveness and weakening strength among bulls. On the momentum front, the daily RSI is quoting at 43, marking its lowest level since April 2025. Moreover, the RSI is trading below its 9-day average, and both are in falling mode, indicating weakening internal strength and reinforcing the ongoing bearish setup. Going ahead, Monday's trading session will be crucial for the index as heavyweights like Reliance Industries, HDFC Bank, and ICICI Bank announced their Q1 results over the weekend. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Studio & 1 BHK at ACE Nest – Book with ₹5 Lacs Only! Ace Noida Book Now Undo The reaction to these earnings could provide near-term direction and either amplify the current trend or spark a reversal. Talking about crucial levels, the zone of 24940-24900 will act as immediate support for the index as it is the confluence of the 50-day EMA level and 61.8% Fibonacci retracement level of its prior upward rally (24473-25669). If the index slips below the 24900 level, then the next crucial support is placed at the 24700 level. On the upside, the zone of 25130-25160 will act as an immediate hurdle for the index. Bank Nifty View The banking benchmark index Bank Nifty also extended its losing streak, ending in the red for the third consecutive week. On the daily chart, it witnessed a breakdown from a Rising Wedge pattern on Friday and also slipped below its 20-day EMA, which is a sign of growing bearish pressure. A key technical observation lies in the daily RSI behaviour. Despite a mid-week pullback, the daily RSI failed to surpass the 60 level, which is a bearish sign as per RSI range shift rules. Currently, the RSI is quoting at 45, its lowest level since March 2025, indicating a notable loss of momentum and growing weakness in the trend. Going ahead, the 50-day EMA zone of 55950-55850 will act as immediate support for the index. If the index slips below the 55850 level, then the next crucial support is placed at the 55300 level. On the upside, the 20-day EMA zone of 56700-56800 will act as an important hurdle for the index. Stocks Recommendations Dalmia Bharat The stock has given a consolidation breakout along with robust volume. Currently, all the moving averages and momentum-based indicators are suggesting strong bullish momentum in the stock. Hence, we recommend to accumulate the stock in the zone of 2260-2240 with a stoploss of Rs 2170 level. On the upside, it is likely to test the level of 2400 in the short term. Godrej Properties Ltd The stock has taken a support near 2192 level and thereafter witnessed a sharp rebound along with relatively higher volume. Currently, the stock is trading above its short and long-term moving averages. The daily RSI is about to cross the 60 mark and it is in rising mode. Hence, we recommend to accumulate the stock in the zone of 2370-2350 with a stoploss of Rs 2280 level. On the upside, it is likely to test the level of 2500 in the short term. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
3 days ago
- Business
- Economic Times
FIIs' bearish derivatives bets on India surge to a 5-month high
Foreign investors are showing caution towards the Indian stock market. Derivative bets indicate a bearish outlook. Uncertainties surrounding global trade tariffs are a major concern. Muted quarterly results also contribute to the negative sentiment. The long-short ratio, a key market indicator, has fallen significantly. This reflects increased short positions by foreign institutional investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Overseas fund managers ' bearish derivative bets on India are at a five month-high as simmering uncertainties around tariffs and rich share valuations have made them wary about the market's near-term long-short ratio-a market sentiment indicator that compares the number of traders betting on a rise in prices (long positions) to those betting on a fall (short)-based on foreigners' derivative positions stood at 15% on Friday-lowest since February ratio reflects an aggressive build-up of short positions and a cautious near-term outlook from institutional investors, said Sudeep Shah, head, technical and derivative research at SBI ratio has sharply dropped from 36.7% at beginning of July, and from 20.2% at end of previous week, indicated data from SBI Securities. "Global trade tariff-related uncertainty amid fresh tariff threat by US to BRICS members and fresh tariff letters to many countries across the globe, along with muted quarterly numbers are the key reasons behind the recent fall in FIIs' long-short ratio ," said Vipin Kumar, assistant VP of derivatives and technical research at Globe Capital long-short ratio of foreign portfolio investors' bets was between 10% and 20% late last year and early in 2025, when the sentiment was a lot more bearish. Nifty and Sensex, which gained about 13% in over three months, declined nearly 1% each, marking their third straight weekly drop after a weak set of earnings by some banks and IT companies contributed to the ended at 24,968.4 levels on Friday, below the 25,000 mark for the first time since June 23. In July, FPIs have net sold Rs 17,000 crore after buying Rs 7,500 crore in June and Rs 11,770 crore in week, Citi downgraded India to 'neutral' from 'overweight', citing elevated valuations and a moderation in earnings growth forecasts. Jefferies' global equity strategist Chris Wood said markets are celebrating the 'AI capital expenditure trade' while ignoring risks from US President Donald Trump's renewed tariff technical charts are pointing to weakness in the stock market in the near-term, an extremely low reading of the long-short ratio is often taken as a signal that the worst is over.'It's worth noting that historically (6 times since January 2022), whenever the FII longshort ratio drops below the 15% mark, markets often witness a limited downside, as excessive pessimism tends to set the stage for short-covering rallies or a reversal in sentiment,' said will be important for the Nifty to stay above 24,800 for the sentiment to turn positive. 'Nifty's decisive close below 24,800 spot levels will be a negative development that might take it down towards 24,000 spot levels in near term, said Kumar. 'Although that will provide a fresh entry point for swing traders and value buyers,' he said.
Economic Times
5 days ago
- Business
- Economic Times
Nifty ends 3rd straight week in red, bearish momentum strengthens below 20 DEMA: Sudeep Shah
Markets continued their downward trend for a third straight week, as investors remained cautious amid a weak start to the earnings season and persistent uncertainty over the US-India trade agreement. ADVERTISEMENT Like the previous week, the benchmark indices displayed some resilience during the first three sessions, but sentiment turned negative in the latter half. Consequently, both the Nifty and Sensex closed near their weekly lows at 24,968.40 and 81,757.73, respectively. Analyst Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities, interacted with ET Markets regarding the outlook on Nifty and Bank Nifty for the upcoming week. Here are the edited excerpts from his chat: The benchmark index Nifty ended in the red for the third consecutive week, reflecting sustained bearish sentiment in the market. On the weekly chart, it has formed a bearish candle with a lower high and lower low structure — a classic indication of downward momentum. Throughout the week, the index attempted three times to reclaim its 20-day EMA but was rejected on each occasion. It is now trading decisively below the 20-day EMA, which has started to edge lower, further reinforcing the bearish the upward slope of the 50-day and 100-day EMAs has begun to flatten, signalling a potential loss of medium-term momentum. This slowdown in the EMA slope suggests growing indecisiveness and weakening strength among bulls. On the momentum front, the daily RSI is quoting at 43, marking its lowest level since April 2025. Moreover, the RSI is trading below its 9-day average, and both are in falling mode, indicating weakening internal strength and reinforcing the ongoing bearish setup. ADVERTISEMENT Going ahead, Monday's trading session will be crucial for the index as heavyweights like Reliance Industries, HDFC Bank, and ICICI Bank are set to announce their Q1 results over the weekend. The reaction to these earnings could provide near-term direction and either amplify the current trend or spark a crucial levels, the zone of 24940-24900 will act as immediate support for the index, as it is the confluence of the 50-day EMA level and the 61.8% Fibonacci retracement level of its prior upward rally (24473-25669). If the index slips below the 24,900 level, then the next crucial support is placed at the 24,700 level. On the upside, the zone of 25,130-25,160 will act as an immediate hurdle for the index. ADVERTISEMENT Yes, one of the key developments to watch is the ongoing tariff-related discussions between India and the US. Any escalation or resolution in these talks could have a direct impact on trade dynamics, especially in sectors like pharmaceuticals, IT services, and industrial goods. ADVERTISEMENT The banking benchmark index, Bank Nifty, also extended its losing streak, ending in the red for the third consecutive week. On the daily chart, it witnessed a breakdown from a Rising Wedge pattern on Friday and also slipped below its 20-day EMA, which is a sign of growing bearish pressure.A key technical observation lies in the daily RSI behaviour. Despite a mid-week pullback, the daily RSI failed to surpass the 60 level, which is a bearish sign as per RSI range shift rules. Currently, the RSI is quoting at 45, its lowest level since March 2025, indicating a notable loss of momentum and growing weakness in the ahead, the 50-day EMA zone of 55,950-55,850 will act as immediate support for the index. If the index slips below the 55,850 level, then the next crucial support is placed at the 55300 level. On the upside, the 20-day EMA zone of 56,700-56,800 will act as an important hurdle for the index. ADVERTISEMENT In the cash segment, FIIs have offloaded equities worth nearly 17,000 crores so far this month, indicating persistent selling pressure. Simultaneously, in the derivatives segment, the FII long-short ratio has slipped to just 15%, the lowest in the recent period. This reflects an aggressive build-up of short positions and a cautious near-term outlook from institutional it's worth noting that historically, whenever the FII long-short ratio drops below the 15% mark, markets often witness a limited downside, as excessive pessimism tends to set the stage for short-covering rallies or a reversal in sentiment. While the current data suggests a bearish stance by FIIs, the extremely low long-short ratio also indicates that much of the negativity may already be priced in, leaving room for a potential bounce if a positive trigger emerges. Technically, Dalmia Bharat, Godrej Properties, Bajaj Finance, Chennai Petro, and Sumitomo Chemical are likely to continue their outperformance. Technically, BDL, HAL, and Shiriram Finance are looking good from a short-sell the short term, both stocks are bearish as they are quoting below their 20-day EMA level. The RSI of Axis Bank is quoting below 40, which is a bearish sign. Further, the Reliance daily RSI is quoting below its 9-day average. Currently, the major trend for both HDFC Bank and ICICI Bank remains sideways, reflecting a lack of strong directional bias. On the technical front, the daily RSI for both stocks is oscillating in the 40–60 range, indicating a phase of consolidation and indecisiveness among traders. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Nifty ends 3rd straight week in red, bearish momentum strengthens below 20 DEMA: Sudeep Shah
How are you reading the markets right now? Live Events Are there any global factors that you see that can affect our markets? Bank Nifty seemed to have a stronger index. How about now? FIIs remain net sellers. So, two parts to this topic here: one, what do you read of this? Secondly, how dependent is our market currently on this variable? Let's talk stocks. Where did you see long buildup and outperformance? And what would you recommend out of those stocks? Similarly, for any shorting opportunities within sectors and stocks? What's the view on RIL and Axis Bank after Q1 results? How do you see HDFC Bank and ICICI Bank placed? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets continued their downward trend for a third straight week, as investors remained cautious amid a weak start to the earnings season and persistent uncertainty over the US-India trade the previous week, the benchmark indices displayed some resilience during the first three sessions, but sentiment turned negative in the latter half. Consequently, both the Nifty and Sensex closed near their weekly lows at 24,968.40 and 81,757.73, Sudeep Shah , Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities, interacted with ET Markets regarding the outlook on Nifty and Bank Nifty for the upcoming week. Here are the edited excerpts from his chat:The benchmark index Nifty ended in the red for the third consecutive week, reflecting sustained bearish sentiment in the market. On the weekly chart, it has formed a bearish candle with a lower high and lower low structure — a classic indication of downward momentum. Throughout the week, the index attempted three times to reclaim its 20-day EMA but was rejected on each occasion. It is now trading decisively below the 20-day EMA, which has started to edge lower, further reinforcing the bearish the upward slope of the 50-day and 100-day EMAs has begun to flatten, signalling a potential loss of medium-term momentum. This slowdown in the EMA slope suggests growing indecisiveness and weakening strength among bulls. On the momentum front, the daily RSI is quoting at 43, marking its lowest level since April 2025. Moreover, the RSI is trading below its 9-day average, and both are in falling mode, indicating weakening internal strength and reinforcing the ongoing bearish ahead, Monday's trading session will be crucial for the index as heavyweights like Reliance Industries, HDFC Bank, and ICICI Bank are set to announce their Q1 results over the weekend. The reaction to these earnings could provide near-term direction and either amplify the current trend or spark a crucial levels, the zone of 24940-24900 will act as immediate support for the index, as it is the confluence of the 50-day EMA level and the 61.8% Fibonacci retracement level of its prior upward rally (24473-25669). If the index slips below the 24,900 level, then the next crucial support is placed at the 24,700 level. On the upside, the zone of 25,130-25,160 will act as an immediate hurdle for the one of the key developments to watch is the ongoing tariff-related discussions between India and the US. Any escalation or resolution in these talks could have a direct impact on trade dynamics, especially in sectors like pharmaceuticals, IT services, and industrial banking benchmark index, Bank Nifty, also extended its losing streak, ending in the red for the third consecutive week. On the daily chart, it witnessed a breakdown from a Rising Wedge pattern on Friday and also slipped below its 20-day EMA, which is a sign of growing bearish pressure.A key technical observation lies in the daily RSI behaviour. Despite a mid-week pullback, the daily RSI failed to surpass the 60 level, which is a bearish sign as per RSI range shift rules. Currently, the RSI is quoting at 45, its lowest level since March 2025, indicating a notable loss of momentum and growing weakness in the ahead, the 50-day EMA zone of 55,950-55,850 will act as immediate support for the index. If the index slips below the 55,850 level, then the next crucial support is placed at the 55300 level. On the upside, the 20-day EMA zone of 56,700-56,800 will act as an important hurdle for the the cash segment, FIIs have offloaded equities worth nearly 17,000 crores so far this month, indicating persistent selling pressure. Simultaneously, in the derivatives segment, the FII long-short ratio has slipped to just 15%, the lowest in the recent period. This reflects an aggressive build-up of short positions and a cautious near-term outlook from institutional it's worth noting that historically, whenever the FII long-short ratio drops below the 15% mark, markets often witness a limited downside, as excessive pessimism tends to set the stage for short-covering rallies or a reversal in sentiment. While the current data suggests a bearish stance by FIIs, the extremely low long-short ratio also indicates that much of the negativity may already be priced in, leaving room for a potential bounce if a positive trigger Dalmia Bharat, Godrej Properties , Bajaj Finance, Chennai Petro, and Sumitomo Chemical are likely to continue their BDL, HAL, and Shiriram Finance are looking good from a short-sell the short term, both stocks are bearish as they are quoting below their 20-day EMA level. The RSI of Axis Bank is quoting below 40, which is a bearish sign. Further, the Reliance daily RSI is quoting below its 9-day the major trend for both HDFC Bank and ICICI Bank remains sideways, reflecting a lack of strong directional bias. On the technical front, the daily RSI for both stocks is oscillating in the 40–60 range, indicating a phase of consolidation and indecisiveness among traders.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
