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With 14% avg returns, Sensex could hit 300K in 10 yrs: Vaibhav Sanghavi
Vaibhav Sanghavi said that India would be one of the very few countries that will do very well in a global environment where almost all countries will be struggling for reasonable growth
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It has been a volatile calendar year 2025 for the markets thus far. Vaibhav Sanghavi, chief executive officer at ASK Hedge Solutions, tells Puneet Wadhwa over a telephone conversation that India would be one of the very few countries that will do very well in a global environment where almost all countries will be struggling for reasonable growth. Edited excerpts:
Do you expect the markets to trade sideways over the next few months in the absence of triggers? What probability do you attach to the Nifty ending closer to the 20,000 mark by the end of December 2025?
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Stock market today: Trade setup for Nifty 50, global markets to Israel-Iran news; eight stocks to buy or sell on Monday
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Go Digit General Insurance Ltd.—Bagadia recommends buying in GODIGIT at around ₹ 356.2, keeping Stoploss at ₹ 344, with a target price of ₹ 380 GODIGIT is currently trading at 356.2, exhibits a strong uptrend and bullish breakout on the daily chart, supported by its consistent position above key exponential moving averages (EMAs). Technically, GODIGIT is forming a strong bullish engulfing pattern on the daily chart. The price structure indicates strong institutional interest and suggests further upside potential in the coming sessions. 3. HDFC Bank Ltd.—Dongre recommends buying HDFC BANK at around ₹ 1360, keeping stop-loss at ₹ 1320 for a target price of ₹ 1410. Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1360 and maintaining strong support at ₹ 1320. The technical setup indicates the potential for a price retracement towards the ₹ 1400 level. 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National Aluminium Company Ltd.—Dongre recommends buying NATIONALUM at around ₹ 184, keeping Stoploss 178 for a target price of ₹ 192. In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 184 and holding above a key support level at ₹ 178. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 178 to manage downside risk. The target for this trade is set at ₹ 192, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. 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Torrent Power Ltd.—Koothupalakkal recommends buying TORRENT POWER at around ₹ 1390 for a target price of ₹ 1460, keeping Stop loss at ₹ 1362 The stock has recently witnessed a gradual slide and has arrived near the base of the ascending channel pattern on the daily chart, indicating a positive candle formation to improve the bias and anticipate further upward movement in the coming days. The RSI has been well positioned, indicating a positive trend reversal to signal a buy after remaining flat for quite some time, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹ 1460, keeping the stop loss at the ₹ 1362 level. 8. 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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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Following Friday's rally, Nifty now faces a crucial test near 25,200. Analysts say a sustained move above this level could pave the way for a further rise toward 25,700–25,900, but also caution that geopolitical uncertainties may continue to inject volatility into the markets. On the downside, support at 24,500 remains crucial with stock-specific action in banks, midcaps, and select names like M&M, BEL, and CAMS offering trading opportunities. ADVERTISEMENT RUCHIT JAIN VICE PRESIDENT, MOTILAL OSWAL FINANCIAL SERVICES Where is Nifty headed this week? Geopolitical tensions have led to a consolidation phase in Indian markets over the past month. However, this appears to be a time-wise corrective phase within an uptrend, with Nifty holding above its support zone of 24,500– 24,450—a crucial near-term level. The immediate hurdle for the index lies in the 25,200–25,250 range. A breakout above this could propel the index towards 25,500–25,700. On the downside, 24,800 is the immediate support, followed by positional support at 24,450. Trading strategies for the week: Traders are advised to focus on stocks that have shown relative strength over the past month. Mahindra & Mahindra (M&M) has given a breakout, signalling a bullish trend. Exchange-related stocks such as MCX, and defence names like BEL, BEML, and BDL are expected to extend their uptrend in the short term. PRITESH MEHTA EVP – INSTITUTIONAL EQUITIES, YES SECURITIES ADVERTISEMENT Where is Nifty headed this week? Despite elevated global uncertainty, inter-market signals suggest relative strength for Indian equities. Friday's 300-point rally was a welcome shift, as the market had been struggling to find a trending move. More importantly, the index managed to sustain its gains without cooling off. Our customised Top 10 Nifty index gained momentum after weeks of consolidation, indicating strength in large caps. Our breadth indicator also showed a bullish crossover, with ~58% of index constituents displaying a bullish bias. An ABC breakout, along with a double-top buy signal on the Point & Figure chart, combined with improving breadth, suggests a potential move towards the 25,700 zone. ADVERTISEMENT Trading strategies for the week: Improved breadth, renewed traction in banks and financials, and support in the Midcap 100 index around its 10-column average all point to further upside. Among sectors, our customised Capital Markets and Defence indices are bouncing from support. BEL, CAMS, and CDSL are showing multiple bullish patterns and could rally 10–14% in the coming weeks. The ratio of IT to Nifty has followed through on a bullish turtle breakout, indicating a potential comeback for select IT stocks. ARPAN SHAH ADVERTISEMENT HEAD – TECHNICAL RESEARCH, MONARCH NETWORTH CAPITAL Where is Nifty headed this week? Nifty has been consolidating within the 24,500–25,200 range for past six weeks, lacking a clear directional trend. Despite absorbing geopolitical shocks, including the India-Pakistan conflict, the market has managed to hold key support levels. Friday's session ended with a strong bullish candlestick formation, indicating that a breakout above 25,200 could trigger short-covering and open upside targets of 25,600–25,900. The banking index, which has been consolidating near its all-time high, is expected to move in line with the benchmark, with upside targets of 57,200–58,000. ADVERTISEMENT Trading strategies for the week: The midcap index has formed a strong reversal at its breakout level. Traders can consider buying for upside targets of 13,400–13,600. The IT index has been gradually inching up, and offers a favourable risk-reward setup. Investors may accumulate HCL Tech, Kaynes, and R Systems at current levels. PSU bank stocks, including SBI and Bank of Baroda, have seen profit booking post the RBI rate cut and are now near support, both can be added at current prices. Defence stocks, having rallied sharply in the last 3–4 months, now present an unfavourable risk-reward and are best avoided. Among mid- and small-caps, CGCL, Praj Industries, GPIL, and Bharat Rasayan are good accumulation bets at current levels.
