Latest news with #RAJESHPALVIYA
Time of India
04-08-2025
- Business
- Time of India
Analysts warn of further weakness if Nifty fails to hold 24,500 level
Nifty has declined for five straight weeks and may remain under pressure this week as well. The index faces immediate resistance in 24,800–25,000 zone, with support at 24,500. A break below this level could trigger a deeper sell-off. Healthcare, cement, and FMCG sectors may exhibit relative strength, while caution is advised in IT and metal stocks. RAJESH PALVIYA Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Others Data Science Degree Technology MBA Digital Marketing Public Policy others CXO Design Thinking Cybersecurity Finance Project Management Management Product Management Data Science healthcare MCA Data Analytics Healthcare Operations Management Artificial Intelligence PGDM Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details HEAD OF TECHNICAL & DERIVATIVES RESEARCH, AXIS SECURITIES Where is Nifty headed this week? On weekly chart, Nifty has formed a bearish candle with a long upper shadow, indicating selling pressure near 25,000 level. The index is currently trading below 50-day moving average, reflecting a bearish bias. It continues to face resistance at the upper band of the falling channel, near 25,000. A decisive breakout above this level could shift the bias to bullish, while a drop below 24,500 may lead to further profit booking. A sustained move above 24,800 could trigger buying interest, potentially taking the index to 25,000–25,300 range. On the downside, a break below 24,500 may drag the index toward 24,350–24,000. Expect Nifty to trade within a broad range of 25,300–24,000 this week, with a negative bias. The weekly Relative Strength Index (RSI) remains below its reference line and is trending downward, reinforcing the bearish momentum. Trading Strategy: For traders with a moderately bearish view for week ending Aug 7, a Put Spread strategy could offer controlled exposure to the downside. Buy one lot of Nifty 24,600 strike Put (premium: Rs 155–165) and sell one lot of 24,300 strike Put (premium: Rs 60–65). The breakeven point is 24,495, with profits below this level. The maximum loss is Rs 7,875, and the maximum potential reward is Rs 14,625. Live Events Sectors to watch: Healthcare, cement, and FMCG may continue to show strength. Bullish On: Asian Paints, Hindustan Unilever, Fortis Healthcare, TVS Motor, Ambuja Cements, and JSL. Bearish On: Adani Enterprises, Tata Motors, and Indigo. Agencies ROHAN SHAH TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT Where is Nifty headed this week? Nifty has posted a fiveweek losing streak after facing resistance at a bearish gap and now fallen below the 10-week EMA, which had acted as intermediate support since April 2025. A decisive break below 24,500 — aligning with a key demand zone and the 20-week EMA — could accelerate profit booking and take the index toward 24,000– 23,800. Resistance lies at 25,400–25,600. Trading Strategy: The broader market remains under pressure. It is prudent to focus on sectors and stocks showing stronger relative strength with bullish structures. FMCG has shown resilience, rebounding from a longterm support zone. HUL, Colgate-Palmolive, and Dabur appear attractive for accumulation. In the two-wheeler space, Hero MotoCorp and Bajaj Auto have held firm at support levels. Sectors like pharma, defence, and oil & gas have breached key support levels and warrant caution. AJIT MISHRA SVP – RESEARCH, RELIGARE BROKING Where is Nifty headed this week? Nifty extended its losing streak into the fifth week, driven by persistent selling, global headwinds, and cautious sentiment. The index's close below the 24,600 mark confirms a bearish outlook , unless a strong rebound emerges. Immediate support is at 24,450; a breach may extend the decline toward 24,180 — a level that coincides with the long-term 200-day exponential moving average (DEMA). On recovery, resistance is at 24,800, followed by a significant hurdle around 25,000–25,250. What should investors do? Defensive positioning is prudent in the short term, while selective accumulation on dips in fundamentally strong stocks may offer longterm opportunities. Bullish Bias: Britannia, Dixon Technologies, Fortis, Godrej Consumer, Hero MotoCorp, Jio Financial, Jindal Stainless, Kaynes Tech and TVS Motor. Bearish Bias: ABB, Astral, Bandhan Bank, Bharat Forge, Coal India, IndusInd Bank, ONGC, Sona BLW, Tata Motors, Tata Tech and Wipro.
Economic Times
30-06-2025
- Business
- Economic Times
Nifty ready to scale new highs on bullish mood: Analysts
The market is expected to maintain its bullish momentum this week, having broken out of a consolidation phase. According to technical analysts, the Nifty could gradually move towards its all-time high levels of 26,000–26,200, with initial resistance seen at 25,800. The 25,200 zone is now likely to act as a support base. ADVERTISEMENT RAJESH PALVIYA HEAD – TECHNICAL AND DERIVATIVES RESEARCH, AXIS SECURITIES Where is Nifty Headed This Week? The Nifty closed above the previous week's peak, indicating powerful upward momentum. Having broken free from its earlier trading range of 24,400–25,200, the index's recent close above 25,200 suggests potential for further advances. Nifty could soon test its record high of 26,277, and if it surpasses 25,800, we may see fresh buying interest that could drive it toward the 26,000–26,250 range. On the downside, a drop below 25,500 could result in retreating to 25,200–25,000 zone. The consistent rise in both daily and weekly RSI, remaining solidly above key thresholds, further emphasises the prevailing bullish sentiment. Trading Strategies for the Week Traders can initiate a moderately bullish strategy with reduced premium outflow and a lower breakeven point called a 'Bull Call Spread' of 3rd July weekly expiry. In this net delta long strategy, traders need to buy one lot of the 25,700 Call strike at Rs 117 and simultaneously sell one lot of the 26,000 Call strike at Rs 29, so that the net outflow or maximum loss will be restricted to up to Rs 6,600. Nifty, on expiry, if it closes above 25,788, the strategy will start making a profit as it's the break-even point for the strategy. However, as the risk is limited, so is the profit. The maximum gains will be restricted to Rs 15,900, because the gains of a long 25,700 strike Call will be offset by the sold 26,000 strike Call if Nifty closes above 26,000 on expiry. Investors can focus on stocks like Bajaj Auto, Reliance, Hindustan Petroleum, Titan, Eicher Motors, Sun Pharma, Hindalco, and IndusInd Bank for potential opportunities. ADVERTISEMENT ROHAN SHAH TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT Where is Nifty Headed This Week? ADVERTISEMENT Nifty finally broke out of the consolidation range of 24,400–25,200, which persisted for over a month. The recent rally was driven by heavyweights such as the Banking index, Reliance Industries, and Bharti Airtel, supported by broad market participation. Going ahead, we expect the index to challenge its previous record high levels and advance towards the 26,000–26,200 zone. On the downside, 25,200 now acts as an important intermediate support, followed by 24,800. Trading Strategies for the Week We remain optimistic on power stocks like Power Grid and Tata Power. The FMCG index also looks good as it has rebounded from crucial support; Hindustan Unilever and Nestlé are among the preferred picks. Realty stocks, after decent moves, are now showing signs of profi t booking. Select stocks like Bharat Forge, Hero MotoCorp, and Torrent Pharma are exhibiting strength on the charts and should be kept on the watchlist for trading ADVERTISEMENT AJIT MISHRA SVP – RESEARCH, RELIGARE BROKING Where is Nifty Headed in the Coming Week? With the Nifty ending its consolidation phase through a decisive breakout, we now expect a gradual move toward the all-time high of 26,277. However, the gap area around 25,800 could cause a temporary pause. In the event of a pullback, the 24,800–25,200 zone—which previously acted as resistance—is likely to offer strong support. ADVERTISEMENT Trading Strategies for the Week Participants are advised to maintain a 'buy-on-dips' strategy with an emphasis on selective stock picking. We continue to favour rate-sensitive sectors such as banking, financials, auto, and real estate, while recommending a cautious and selective stance toward other sectors. Based on the current technical setup, the following stocks can be considered for short-term trading opportunities: Apollo Hospitals, Shriram Finance, UNO Minda, Hero MotoCorp, Hindustan Petroleum, ICICI Prudential Life, InterGlobe Aviation, Jubilant FoodWorks, Laurus Labs, UltraTech Cement, and Vedanta
