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Time of India
a day ago
- Business
- Time of India
We are in a sell-on-rise market; accumulate Paytm and Nykaa for long-term gains: CA Rudramurthy BV
CA Rudramurthy BV , MD, Vachana Investments, says till we cross 56,000 for Bank Nifty and 24,800 for Nifty, this will remain a sell-on- rise market. This is a good time for long-term investors. Paytm and Nykaa stocks are recommended for portfolio inclusion. Accumulate Paytm around current levels, targeting Rs 1,350-1,500. Nykaa is also a strong buy at the current price. Investors can accumulate on dips, targeting Rs 245-250. These targets are expected within six months to one year. Risk-reward favors buying these new-age stocks Yes, it is a dull day for the markets and the last trading session of the week. What should be the strategy for the remaining half of the day? CA Rudramurthy BV: Sell-on-rise is a simple strategy which the market is holding on to and even as for Nifty, on 12th of May, 24,350 was a very, very crucial support for Nifty. Yesterday, we went to those levels and saw a bounce, but that bounce was more to do with a short covering that we saw because of an expiry day and now we are again back to lower levels and the market is definitely a sell on rise for a very short term. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program If we break the 24,350 level, further lower levels closer to 24,000 and then even 23,800 is possible. The market is more sector and stock specific, but we should definitely accept that it is a sell-on-rise market and even though FIIs are short over 90%, there is still no respite whatsoever and unless we get a trigger – either the Trump tariff ending and Trump becoming more friendly with India or any other trigger which can make those shorts get covered, this market is still a sell- on-rise and for Bank Nifty crucial levels, right now the support is at around 56,000 and we are closer to those levels. Once we break that, another 1,000, 1,500 point move on the downside can be seen. So, till we cross 56,000 for Bank Nifty and 24,800 for Nifty, this will remain a sell-on- rise market. What are going to be your picks? There are two buy calls coming in. So you have long bets. What are these long bets? CA Rudramurthy BV : These are great times for long-term investors to buy good stocks for their portfolios. Look at this quarter's results; where the results were good, but stock prices have gone nowhere, those are the stocks I would prefer to buy on every dip for my portfolio. One such stock is Paytm. I will accumulate Paytm at current market price and on dips to levels closer to 1,000 with a stop loss of Rs 970. I am also looking at targets of Rs 1,350-1,500 which can come over the next six months to one year. That will be a 30-50% rise from the current market price. Live Events You Might Also Like: Biggest positive trigger for markets would be a sustainable resolution of tariff issue: Abhay Agarwal Another stock which looks very strong to me, and where risk-reward is favouring a buy at current price is Nykaa. I am bullish on new age as a sector and Nykaa is a good buy at current market price and on dips to levels closer to 200, accumulate Nykaa for your portfolio, keep a stop loss of 190 and look at targets of Rs 245-250 to come from current market price. You Might Also Like: Time to bet on IT, FMCG and pharma; avoid thematic sectors: Nitin Bhasin Have money to deploy today? Put it in pharma funds, says Sandeep Tandon
Time of India
5 days ago
- Business
- Time of India
Too late to short Nifty and Bank Nifty; focus on 2 stronger stocks: CA Rudramurthy BV
CA Rudramurthy BV , MD, Vachana Investments , suggests that Nifty and Bank Nifty are currently weak and it is too late to short the market now. Rudramurthy is watching for tariff front developments. The focus shifts to stocks with relative strength, like Indian Hotels , supported around Rs 730, targeting Rs 800 with a Rs 730 stop loss. IndiGo is another stock which looks relatively strong and it can be bought at current market price and on dips to Rs 5,700. One should go long on IndiGo, with a stop loss of Rs 5,680 and target of Rs 6,000. Let us talk about the market levels. At present, the broader markets are showing signs of concerns and at the same time, the benchmarks are also showing a lot of volatility. What in your view is the strategy on Nifty as well as Bank Nifty? CA Rudramurthy BV: Nifty definitely because of two issues, one tariff and two overall result performance has been on the weaker side. For these two major reasons, markets are definitely sulking downwards. Now the strong support area is around 24,350 to 24,400. If you remember, the gap up that we saw after the Indo-Pak war and all the issues that we saw on the market at that point of time, happened at around 24,380 and that holds a very strong support right now, keeping aside tariff and keeping aside the poor earnings overall as we have seen till now. The Bank Nifty is definitely outperforming Nifty overall and one has to be very sector specific and stock specific in this market. Explore courses from Top Institutes in Please select course: Select a Course Category others Design Thinking Cybersecurity Artificial Intelligence CXO Technology Digital Marketing PGDM Product Management Data Science MCA Data Science Public Policy Project Management Others Degree Leadership healthcare Management Finance Operations Management Healthcare MBA Data Analytics Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Full mouth dental implants for the elderly in Malaysia - see prices in 2025 Dental Implants | Search Ads Search Now Undo For Nifty, 24,350 to 24,400 has been the strong support and for Bank Nifty it will be 55,500 to 55,600. Till it crosses 25,000, Nifty will do some time-wise consolidation. You have to pick the right sectors and stocks in this market if you have to be on the long side and if you are a short-term trader, you have to be very specific on your stock and very strict on your risk management . If I have to talk about sectors, look at pharma, look at FMCG and also look at chemicals and insurance. These are a few sectors which are definitely showing strength. But if you look at sectors where there is a lot of weakness, it will be the top of my list and also look at the other sectors like even defence, capital market related themes. Even realty is looking weak. One has to be very sector specific in this market and on the long side, you have to be very, very choosy. Can you share some stock specific ideas? CA Rudramurthy BV: Nifty and Bank Nifty are weak, but it is too late now to short this market. We have to wait and watch what will happen next on the tariff front and I am looking at stocks and sectors where there is relative strength and I want to be a buyer there. Live Events You Might Also Like: IT and pharma out of picture at present; FMCG turning out to be the only defensive play: Rohit Srivastava Indian Hotels is one such stock. Results have been good this quarter and there is strong support for the stock at around Rs 730. From current market price, the downside is very limited. Look at targets of Rs 800 initially on Indian Hotels. Keep a stop loss of Rs 730 for this long call. IndiGo is another stock which looks relatively strong to me and results have already come and relative strength can be seen in this stock. At the current market price and on dips to Rs 5,700, I will be a buyer. Positionally go long on IndiGo, have a stop loss of Rs 5,680 and look at targets of Rs 6,000. You Might Also Like: A three-part deal with US can be explored; India unlikely to eliminate all tariffs on American exports: Sunil Subramaniam Cover short positions, a break above 24,890 needed to confirm bullish reversal: Vinay Rajani
Economic Times
20-06-2025
- Business
- Economic Times
CA Rudramurthy BV suggests a cautious, sector-specific approach; 5 insurance & defence stocks to bet on
CA Rudramurthy BV, MD, Vachana Investments, says CA Rudramurthy BV suggests monitoring Bank Nifty and Nifty closing values. Crude oil and dollar-rupee movements are also important. Financials, especially insurance companies like HDFC Life, SBI Life, LIC, and Max Financial, show promise. Defence sector stocks, specifically Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL), are favorable. A cautious, sector-specific approach is advised. ADVERTISEMENT We always feel that you have been positive on the markets indeed with your bullish stance. Today the Nifty once again crossed past the 25,000 mark. What does it mean and what should the investor strategy be like? CA Rudramurthy BV: First of all, at index level, Nifty has made repeated attempts to break this 25,050 zone and now we are more or less closer to that. But I want to see whether we can close above 25,050 level and if yes, then I will say the move between 24,450 and 25,050, the consolidation of about 700-800 points is already done and dusted. Pharma, chemicals offer contrarian bets in stock-specific market: Hiren Ved We have to see whether we can close above 25,050, which is very crucial or again getting back to those support of 24,450, 24,500 cannot be ruled out. For me, even at the current market price, we are still in the range. I want to see a close of about 25,050 on Nifty and similar levels on Bank Nifty. Support is there at around 55,100 and below that, we have Bank Nifty strong support at 53,500 where the range is and on the upside, resistance is kicking in at 56,200. We are more or less there, but we are yet to close above 56,200 on Bank Nifty. So, to make it very clear, Bank Nifty should close above 56,200 and Nifty has to close above 25,050 and then one can say we have decisively broken out or we have to still wait on. Look at Brent crude. Crude prices are trading above $76 per barrel on the spot level decisively and even if you look at dollar-rupee movement, the dollar-rupee is decisively trading above that 86.50. So, for me, Brent is yet to come down. Coming to dollar vs rupee, again the dollar is yet to come down. Trump will now say for two weeks he will do nothing and he will give space for the Iran-Israel war to continue, but tomorrow again Trump might post another tweet and there can be escalations this weekend. So, I am bullish, but I will be very cautious and I will be very sector specific and stock specific. Let us wait and watch and then take a call next week. But till then, be very sector specific and stock specific. But speaking of being stock specific, what would be your calls? What are your long positions? CA Rudramurthy BV: For me, definitely financials will continue to do good whether you want to pick up something like insurance companies or NBFCs which are all allied groups of financials, which can do very well. So, for me, insurance as a sector can perform very well. ADVERTISEMENT Look at HDFC Life, look at SBI Life, and even LIC in the cash market to buy. For that matter, Max Financial also looks very good. For me insurance looks very strong and this can be the next big theme. And even defence for that matter can do very well, but you have to be very stock specific when it comes to defence. I like two stocks in defence – BEL and HAL – which still offer great value even at current market prices. I will be avoiding Mazagon Dock or Garden Reach and all other counters which are more or less there with high valuation, but BEL and HAL are very good at current market price. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
20-06-2025
- Business
- Time of India
CA Rudramurthy BV suggests a cautious, sector-specific approach; 5 insurance & defence stocks to bet on
CA Rudramurthy BV , MD, Vachana Investments , says CA Rudramurthy BV suggests monitoring Bank Nifty and Nifty closing values. Crude oil and dollar-rupee movements are also important. Financials, especially insurance companies like HDFC Life , SBI Life , LIC , and Max Financial , show promise. Defence sector stocks , specifically Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL), are favorable. A cautious, sector-specific approach is advised. We always feel that you have been positive on the markets indeed with your bullish stance. Today the Nifty once again crossed past the 25,000 mark. What does it mean and what should the investor strategy be like? CA Rudramurthy BV: First of all, at index level, Nifty has made repeated attempts to break this 25,050 zone and now we are more or less closer to that. But I want to see whether we can close above 25,050 level and if yes, then I will say the move between 24,450 and 25,050, the consolidation of about 700-800 points is already done and dusted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Would you like to know more? Undo We have to see whether we can close above 25,050, which is very crucial or again getting back to those support of 24,450, 24,500 cannot be ruled out. For me, even at the current market price, we are still in the range. I want to see a close of about 25,050 on Nifty and similar levels on Bank Nifty. Support is there at around 55,100 and below that, we have Bank Nifty strong support at 53,500 where the range is and on the upside, resistance is kicking in at 56,200. We are more or less there, but we are yet to close above 56,200 on Bank Nifty. So, to make it very clear, Bank Nifty should close above 56,200 and Nifty has to close above 25,050 and then one can say we have decisively broken out or we have to still wait on. Look at Brent crude. Crude prices are trading above $76 per barrel on the spot level decisively and even if you look at dollar-rupee movement, the dollar-rupee is decisively trading above that 86.50. So, for me, Brent is yet to come down. Coming to dollar vs rupee, again the dollar is yet to come down. Trump will now say for two weeks he will do nothing and he will give space for the Iran-Israel war to continue, but tomorrow again Trump might post another tweet and there can be escalations this weekend. So, I am bullish, but I will be very cautious and I will be very sector specific and stock specific. Let us wait and watch and then take a call next week. But till then, be very sector specific and stock specific. Live Events You Might Also Like: How should you place your bets as Nifty makes a U-turn from 25,000? Vinay Rajani answers But speaking of being stock specific, what would be your calls? What are your long positions? CA Rudramurthy BV: For me, definitely financials will continue to do good whether you want to pick up something like insurance companies or NBFCs which are all allied groups of financials, which can do very well. So, for me, insurance as a sector can perform very well. Look at HDFC Life, look at SBI Life, and even LIC in the cash market to buy. For that matter, Max Financial also looks very good. For me insurance looks very strong and this can be the next big theme. And even defence for that matter can do very well, but you have to be very stock specific when it comes to defence. I like two stocks in defence – BEL and HAL – which still offer great value even at current market prices. I will be avoiding Mazagon Dock or Garden Reach and all other counters which are more or less there with high valuation, but BEL and HAL are very good at current market price.
Economic Times
13-06-2025
- Business
- Economic Times
Short covering anticipated next week; bullish on 4 pharma & defence stocks: CA Rudramurthy BV
CA Rudramurthy BV, MD, Vachana Investments, sees a buying opportunity in Nifty around 24,800, targeting 25,600. Bank Nifty has broken above 54,500, with 55,900-56,000 as strong support. Dips to these levels are buying opportunities, targeting 58,000 and 60,000. Despite Thursday's weakness due to geopolitical concerns, 25,000 is expected to hold. Short covering is anticipated next week, given high FII net short positions. Rudramurthu is bullish on pharma and defence sectors and highlights Divi's Lab, Laurus Lab, HAL, and BEL as top picks. Attractive opportunities also exist in chemicals with Navin Fluro and Tata Chemical, insurance with HDFC Life and SBI Life, and mid-sized banks like RBL Bank and Federal Bank. ADVERTISEMENT How do you see the trade happening on Nifty as well as Bank Nifty? CA Rudramurthy BV: First of all, for today's expiry, the Iran-Israel issue has been a hangover and because of that reason we are seeing the dip in market but I am very clear that the 25,000 level on Nifty is a very strong support. In fact, positional traders should use this opportunity and buy the dip. For me till 24,800 holds, this market is a buy on every dip. ETMarkets Smart Talk | India could attract $1.5 trillion FII inflows over the next decade: Swati Khemani So, for me, at the current market price and on dips to 24,800 is a buying opportunity in Nifty. I am looking at targets of 25,600 to come. When it comes to Bank Nifty, we have already seen a breakout above 54,500. Now that level of around 55,900-56,000 is acting as a very strong support. Any dips to 56,000-55,900 is a great buying opportunity and I am looking at targets of 58,000 and then 60,000 to come on Bank Nifty. Fresh triggers could take Nifty to 25,300–25,500: Analysts Yes, for Thursday's expiry, the market looks weak because of that Iran-Israel issue. However, I feel 25,000 will be strongly held even for today and for a positional trader, it is a godsend opportunity to buy this dip and I am looking at targets of 25,600 to come very soon in Nifty. More short covering will come. FII net short position is currently at around 78-80% and from here on, I expect more short covering to come in next the volatility index now is below 14, India VIX is comfortable, and more short covering will come from the current level. We are at a strong support of 25,000, all good fundamentally, and even the RBI policy was spectacular with a reported 50 basis point repo rate cut as well as a 100 bps CRR cut. What more do you want? This market is a buy on dip and definitely no shorting whatsoever. What about the broader end of the market because we have seen them tip into the red yesterday but today for the first time in a very long time, the broader markets are underperforming the benchmark. What is your take on the broader end of the market – the midcap and smallcap both trading with cuts of about eight-tenth of a percent as we speak? CA Rudramurthy BV: After a correction in the longer term bull market, the October to March correction was done and then, we saw from April this year largecaps participating till May mid or even till close of May. But now from May 15th onwards, we have seen the broader market participating and in general yes, the broader market overall will do good from current market price. We have to be very sector specific and stock specific in this market. ADVERTISEMENT Yes, we first saw the private banks rallying. Later on, the move has started in mid-sized banks and PSUs have also started rallying. We are seeing even good moves in defence, railway and shipping stocks. So, one has to be very sector specific and stock specific and at current market price I am very bullish on two sectors – pharma and defence. To name some of the stocks in pharma, both Divi's Lab and Laurus Lab are trading close to all-time highs of their price and for me they are very bullish. So, yes, one can look at buying Divi's and Laurus Lab. Two more attractive pharma stocks are Glenmark and Biocon. So, for me, from now on, pharma will do very good and you have a long way to go from current market price. For me defence as a theme is also very good. HAL and BEL are my top picks. ADVERTISEMENT Even at current market prices, buy into HAL and BEL. Use opportunities like dips to buy into pharma as well as the defence stocks. But I am still bullish on chemicals. Look at stocks like Navin Fluro, Tata Chemical, they are all looking good, SRF. From insurance, HDFC Life and SBI Life look very good. LIC is also another stock which you can look for. Mid-sized banks will do very good. RBL Bank, Bandhan Bank looks very attractive. Even Federal Bank for that matter. For me, PSU banks also look very attractive whether it is Canara Bank or Punjab National Bank or even State Bank of India and it has also started a move from Wednesday. For me Coforge, Tech Mahindra, and Persistent Systems look very strong. You have to be very specific in your stocks and pick the right sectors. So, for me pharma, defence, chemicals, and then mid-sized banks are all stocks which will do very well from current market price. So, these sectors and stocks look very attractive to me. (You can now subscribe to our ETMarkets WhatsApp channel)
