Stocks to buy or sell: dharmesh shah of icici security

Stock Market News: Indian Stock Market Saw a Recovery in the Final Trading Session of the Week, with Both Sensex and NIFTY 50 Increasing by Approximately 1%, Driven by positive Talks.

On Friday, the indices were boosted by purchase in Major Companies like Reliance Industries, HDFC Bank, And Itc. Moreover, expectations of a record dividend from the rbi and declining us treasury yields enhanced investor confidence, according to traders. The sensex closed at 81,721.08, rising by 769.08 points or 0.95%, while the nifty 50 finished at 24,853.15, up by 243.45 points or 0.99%.

Analysts pointed out that the Indian Stock Market Facted Increased Volativity Ever the Past Week, Mainly Due to Fluctations in the global bond markets. Although the weekly started off strong, disappointing us bond auctions and increasing treasing treasury yields triggered a global risk-urese attitude, leading to significant Midweek Sell- Offs indian stocx.

Looking forward, investors will be monitoring the forthcoming Indian GDP Figures, Along with Us Budget Announcements, Inflation Statistics, and Weekly Jobless Claims, to association the strength and DIRECTION OF ECONIMIC Recovery both domestically and internationally.

On the Technical Front, Dharmesh Shah, Vice President at ICICI Securities, Expects Nifty 50 to Head towards 25,500 in coming months.

Shah has recommended one stock to buy for short-term. Here’s what he expects from Indian Stock Market Next Week, Along with his stock recommendation.

Key monitorable which would act as tailwind

a. The us dollar index is on the verge of breakdown from two years low of 99.50

b. Weakness in Brent Crude Oil Persists at Higher Levels, Currently Hovering Around 64

C. Bilateral Trade Agreement Between India and Us

Stocks to buy this week – dharmesh shah

Dharmesh Shah of ICICI Securities Recommends Buying Larsen & Toubro Shares.

Buy Larsen & toubro shares in the price range of 3,500-3,600. He has Larsen & toubro share price target of 3,928, and Sugges Mainting a Stop Loss of 3,264.

Disclaimer: The Research Analyst or His Relatives or I-Sec do not have actual/beneficial owners Interest and do not have any material conflict of interest.

The views and recommendations provided in this analysis are that of individual analysts or broking companies, not mint. We Strongly Advise Investors to Consult With Certified Experts Before Making Any Investments Decisions, as Market Conditions Can Change Rapidly and Individual Circumstances May Vary.