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Chartist Talks: Sudeep Shah of SBI Securities explains why he is bullish on Havells, Indian Hotels

Money Control

Money Control · 11m ago

Chartist Talks: Sudeep Shah of SBI Securities explains why he is bullish on Havells, Indian Hotels

Sudeep Shah of SBI Securities is bullish on Havells India and Indian Hotels. Havells India has broken out of a Cup pattern on the weekly chart, indicating strong bullish momentum, while Indian Hotels has seen a rebound from support levels with robust volume and momentum indicators. Shah expects the Nifty 50 to surpass the 26,000 level, driven by sector rotation in Nifty Bank, Nifty Financial Services, Nifty Auto, and Nifty FMCG sectors. He also shares his insights on Bank Nifty, Escorts Kubota, ICICI Bank, Kotak Mahindra Bank, and Mahindra and Mahindra.

Related News

Chartist Talks: Sudeep Shah of SBI Securities explains why he is bullish on Narayana Hrudayalaya, Asian Paints

Money Control

Money Control · 11m ago

Chartist Talks: Sudeep Shah of SBI Securities explains why he is bullish on Narayana Hrudayalaya, Asian Paints

Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, predicts that the Nifty 50 will find support at the 24,500-24,400 level and resistance at 25,050-25,100. He recommends buying Narayana Hrudayalay and Asian Paints stocks based on technical indicators and bullish patterns. Shah also suggests initiating a Bear Spread in the Nifty by buying a 24,800 Put and selling a 24,600 Put. He believes that ICICI Bank may test its August low and shares his top two stock picks for the next week: Narayana Hrudayalay and Asian Paints.

Chartist Talks: Sudeep Shah of SBI Securities expects these 3 sectors & 2 stocks to fly north

Money Control

Money Control · 12m ago

Chartist Talks: Sudeep Shah of SBI Securities expects these 3 sectors & 2 stocks to fly north

Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, predicts that Nifty IT, Pharma, and Healthcare sectors, which performed strongly in August, will continue their upward trend. Shah is bullish on two Nifty 50 stocks - LTIMindtree and Bajaj Finserv - due to recent breakouts and positive volume patterns. The Nifty Index futures rollover rate in August was higher than the previous month and the three-month average, indicating confidence in the bullish momentum. Shah expects Nifty to reach 26,000 in the short term, while Bank Nifty is still consolidating.

Chartist Talks: Sector rotation supports Nifty at higher levels; IT, pharma, railways, and defense to be in focus, says Sudeep Shah of SBI Securities

Money Control

Money Control · 1y ago

Chartist Talks: Sector rotation supports Nifty at higher levels; IT, pharma, railways, and defense to be in focus, says Sudeep Shah of SBI Securities

Sudeep Shah, Deputy Vice-President and Head of Technical and Derivative Research at SBI Securities, believes that as long as the Nifty 50 remains above the 24,000 mark, it will continue to move towards 24,600 and then 24,850 in the short term. Shah advises traders to stay with the bullish trend and be buyers on minor dips. He highlights that the IT, pharma, railways, and defense sectors are expected to perform well, and recommends keeping an eye on stocks like IRFC and Texmaco Rail & Engineering for potential short-term gains.

Chartist Talks: Mid, Smallcap indices may throw a surprise party, but consolidation likely in Nifty, says Sudeep Shah of SBI Securities

Money Control

Money Control · 1y ago

Chartist Talks: Mid, Smallcap indices may throw a surprise party, but consolidation likely in Nifty, says Sudeep Shah of SBI Securities

Sudeep Shah, Deputy Vice-President and Head of Technical and Derivative Research at SBI Securities, suggests adopting a cautious stance in the Nifty 50 index as it is likely to enter a consolidation phase after a strong upside rally. He also expects the broader market to show bullish momentum with a potential breakout in the Bullish Flag pattern. Shah predicts the Bank Nifty index to outperform frontline indices and reach levels of 53,200 and 53,600 in the short term. In the midcap and small cap space, a Bullish Flag pattern breakout is expected for Nifty Midcap 100 and Nifty Small Cap 100 indices. The Nifty Oil & Gas, Nifty IT, and Nifty Pharma sectors are said to be likely outperformers in the short term. Shah's top picks for stocks include Reliance Industries in the Nifty Oil & Gas sector and Persistent Systems in the Nifty IT sector.

Chartist Talks: This analyst sees more correction if Nifty breaks 24,500; advises 2 stocks ideas

Money Control

Money Control · 1y ago

Chartist Talks: This analyst sees more correction if Nifty breaks 24,500; advises 2 stocks ideas

Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, expects the Nifty 50 to find strong support in the 24,500-24,540 zone. He also believes that the resistance level has shifted to 24,900-24,950. Shah notes that Dr. Reddy's Laboratories is showing a bullish trend, while Info Edge has strong bullish momentum. As for the Bank Nifty, Shah sees a lack of direction and expects the 50-day EMA zone to act as immediate support. In terms of sectors, Shah suggests that Nifty Pharma and Nifty Healthcare could provide momentum in the coming week.

Chartist Talks: This analyst suggests Bull Call Spread strategy as Nifty to maintain positive momentum next week

Money Control

Money Control · 12m ago

Chartist Talks: This analyst suggests Bull Call Spread strategy as Nifty to maintain positive momentum next week

Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, believes that the positive momentum in the Nifty 50 will continue next week. He suggests considering a Bull Call Spread strategy in the Nifty and expects the index to reach levels of 25,150-25,200 in the short term. Shah is also bullish on Coal India and Bharti Airtel, citing positive chart structures and breakout patterns. He recommends accumulating Coal India at levels of Rs 536-540, with a target of Rs 575, and suggests buying Bharti Airtel with a target of Rs 1,590, maintaining a stop-loss of Rs 1,440.

Chartist Talks: FII long-short ratio hints at Nifty 50 consolidation in coming few sessions despite strong underlying trend, says SBI Securities' Sudeep Shah

Money Control

Money Control · 11m ago

Chartist Talks: FII long-short ratio hints at Nifty 50 consolidation in coming few sessions despite strong underlying trend, says SBI Securities' Sudeep Shah

According to Sudeep Shah of SBI Securities, the Nifty 50 is likely to consolidate in the coming sessions before continuing its upward journey and testing 26,500 and 26,750 in the short term. Shah also suggests that Balrampur Chini, BPCL, Exide Industries, Polycab India, Hindustan Petroleum Corporation, Colgate Palmolive, Cipla, and Divi's Laboratories are good picks based on roll-over data. The FII long-short ratio indicates a strong bullish bias, but a slight cool-off may occur. The Nifty Auto index is expected to continue its positive momentum, with Polycab India likely to test Rs 7,400 and Rs 7,600 levels. Selective PSU stocks such as Gail, HPCL, and BPCL have also shown strong moves and are expected to continue their upward journey.

Chartist Talks: Sudeep Shah of SBI Securities sees potential opportunities for investors in IT sector given strong technical indicators

Money Control

Money Control · 10m ago

Chartist Talks: Sudeep Shah of SBI Securities sees potential opportunities for investors in IT sector given strong technical indicators

Technical indicators are pointing towards the strength of the IT sector, presenting potential investment opportunities. Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, recommends VIP Industries and Whirlpool of India as attractive stocks during the market correction. Nifty and Bank Nifty have experienced significant corrections, with further selling pressure expected. The 61.8% Fibonacci retracement level of 24,800-24,750 is seen as immediate support for Nifty. Bank Nifty has corrected nearly 5.42% and has immediate support at the 100-day EMA zone of 51,000-50,900.

Chartist Talks: IT & FMCG stocks to bolster Nifty, spotlight on top blue chips

Money Control

Money Control · 1y ago

Chartist Talks: IT & FMCG stocks to bolster Nifty, spotlight on top blue chips

In an interview with Moneycontrol, Sudeep Shah, Deputy Vice-President and Head of the Technical and Derivative Research desk at SBI Securities, shared his insights on the Nifty index and recommended strategies for index traders. He suggested a balanced risk-reward approach and emphasized the importance of following strict stop-loss strategies ahead of the Union Budget. Shah also advised accumulating stocks like TCS and Reliance Industries. He discussed the support and resistance levels for various indices and highlighted sectors that are expected to outperform in the short term.

Investors must moderate return expectations, stick to asset allocation: Nilesh Shah

Economic Times

Economic Times · 1m ago

Investors must moderate return expectations, stick to asset allocation: Nilesh Shah

Nilesh Shah, MD of Kotak AMC, highlights the importance of asset allocation, emphasizing moderation of return expectations in the near future. He foresees a narrow range of expected returns across various asset classes, underscoring the need for diversification. Shah is bullish on consumer discretionary due to tax rebates and reduced EMI burdens, alongside optimism in select sectors like midcap IT, banking, financial services, and chemicals. He advises cautious participation in IPOs and acknowledges market liquidity's importance.

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