BUY THE DIP
Buy on dips as Nifty & Bank Nifty look bullish; 3 stocks to bet on: Rajesh Palviya
The July series remains strong with Nifty target at 24,400. Bank Nifty is supported at 52,000. Rajesh Palviya has advised a buy-on-dip strategy. if Bank Nifty crosses the 52,600 mark, then this rally can extend further towards 53,400 to 53,600 also. So, both indices are looking bullish at this moment. Nifty Realty is in consolidation mode. Potential downside for Nifty Realty. Godrej Realty is showing strength.
Strong demand in cement for next 1-2 yrs; 5 stocks to bet on: Ronald Siyoni
Ronald Siyoni, says there is an intention within the sector to go ahead with the cement price hike. We have seen about 1.5% odd price hikes during June on an average on a pan-India basis, but still, pan-India prices remain lower sequentially for quarter one of FY25 by about 3% to 4%.
Stock Radar: Why VRL Logistics is a good buy on dips stock in the runup to final Budget: Kiran Jani
VRL Logistics Ltd, a significant player in the logistics sector, faced a 36% wealth destruction in 6 months, dropping from around Rs 800 to approximately Rs 510 in June 2024.
Banks may not be sexy but there are pockets of value; buy dips in defence, capital goods stocks: Nitin Raheja
Nitin Raheja says the faster the growth and the better the growth, the more the capital markets are likely to trend upwards. But there would be periods of consolidation. Structurally, if you look at where we stand and capital markets being a proxy for the GDP and growth, it is a good place to be in, it is a great way to compound money.
F&O Talk| Bull run expected to continue in Nifty, dips may present opportunities for fresh buying: Chandan Taparia of Motilal Oswal
The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002.
Nifty in a narrow range between 23,300-23,500. How to trade this week
"For Nifty Bank, one should wait for a breakout confirmation above the 50,200 mark. If the index breaks above 50,200, it will open the path to 51,000 on the upside, with strong support at 49,800."
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F&O Talk| Expect consolidation breakout in Nifty above 23,500, buy on dips: Sudeep Shah of SBI Securities
The post-election rally has taken everyone by surprise and both indices now are currently sustaining well above their short-term moving averages after testing their 200 day moving averages.
F&O Talk | Markets may expect buying on dips with cool-off in India VIX: Sudeep Shah of SBI Securities
Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4.
Buy-the-dip didn't work for mutual fund investors on election result day due to 'tech glitch'
Mutual fund investors faced disappointment as a technical glitch led to delayed NAV allotment amid a stock market crash. Many investors demanded compensation for losses incurred due to the glitch.
Stock Radar: Over 200% rally in a year! This multibagger Adani group company is a good buy-on-dips stock; here’s why
The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.
Nifty Bank rallies over 2,000 points to reclaim 49K; deploy buy-on-dips strategy: Experts
The Nifty Bank opened higher and built on gains throughout the trading session. It witnessed a mild profit taking near its intraday high but closed above 49,000. "The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trendline and 21-day EMA,” said Rupak De, Senior Technical Analyst, LKP Securities.
Stock Radar: Over 200% rally in a year! This multibagger Adani group company is a good buy-on-dips stock; here’s why
The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.
Nifty could fall another 10%; get ready to buy the dip, says Raamdeo Agrawal
Clearly markets have a tendency to go from one side to other side. But that is how it is. I do not think investors have any problem. The problem is actually for the speculators.
Nifty Bank holds 49000; experts suggest buy-on-dips strategy
Nifty Bank fell on profit booking at higher levels. The index fell 139 points to close at 49,142. Though it opened higher and quickly touched 49,500, the momentum fizzled owing to selling pressure. HDFC Bank, AU Small Finance Bank and Bandhan Bank gained.
India will continue to be a 'buy on dips' market: N Jayakumar
My own assessment is that, especially even as investors, the local investors have now got a higher percentage of company holdings than foreigners. To my mind the big takeaway of the last five years. has been the pre-eminence of the Indian retail investor, unspoken, unsung, unknown investor through SIPs and through his investments and largely through mutual funds has remained an increasingly important constituent of the markets.
L&T, SBI and M&M are top pickings. Dharmesh Shah explains why
Dharmesh Shah says by the dip should be the strategy and going forward, 22,500 has been acting as a stiff resistance for the Nifty for a long time. We believe the market should surpass this level of 22,500 and we should be challenging the life-high in the next week which is around 22,800. He recommends M&M, SBI, and L&T for specific price targets, emphasizing their positive prospects in the market.
Range-bound trade likely till election results are out; buy 3 must-have stocks on dips: Sanjiv Bhasin
Sanjiv Bhasin shares insights on market trends, cautioning against exuberance and highlighting investment opportunities in HAL, BEL, Bharat Dynamics, Jindal Saw, Honeywell Automation, Naukri, and Info Edge. Bhasin also says that due to high valuations, HAL, BEL and Bharat Dynamics are the three must-have stocks that should be bought on dips.
Buy the dip in UPL; go long on Hindalco, says Vishal Malkan
Vishal Malkan analyzes the market's strong bottom at 22,000, recommends Tata Power, Sun Pharma, Glenmark stocks. Malkan further favours Ashok Leyland while suggesting UPL as a buy on dip. Metals showing strength, with Hindalco poised for gains. There is a very strong support for Hindalco at around 610-615 which was a resistance earlier. With that stop loss, one can go long for targets of 690 and 700 plus.
Standout midcap stocks to buy on dips: Deven Choksey
Deven Choksey analyzes market trends, emphasizing the impact of railways on capital goods companies' growth. He recommends seizing buying opportunities during price dips and highlights potential stocks for investment. He says: Choksey further says that selectivity, in the corrective market, one should definitely go for buying fresh into the portfolio.
Start deploying cash that you raised; market may start heading up in 1-2 days: Sanjiv Bhasin
Sanjiv Bhasin advocates a shift from capex stocks and autos to defensive sectors like IT, FMCG, and PSUs. He highlights opportunities in IT due to a weaker rupee and US spending rebound, emphasizing specific stock picks. Bhasin says: "It is a good time to start deploying the cash you have raised. By tomorrow, or latest the day after, we should be starting to head up."
Stock Radar: This IT major has taken support above 200-EMA; time to buy the dip?
Wipro shares witnessed a price-wise and time-wise correction in the past three months. The stock fell by over 7% in the same period. In terms of price action, the stock is trading well below most of the crucial short- and long-term moving averages such as 5, 10, 30, 50, 100, and 200-EMA on the daily charts.
India is a buy-on-dips market; we have raised a lot of cash unlike in ‘14 & ‘19 elections: Sandeep Tandon
Sandeep Tandon of Quant Mutual Fund analyzes market volatility, emphasizing buying on dips and sector rotation. He discusses India's unique asset class status and anticipates a ferocious market correction with sector resurgences.
Waiting to buy the dip? Wait for further decline: Sunil Subramaniam
Subramaniam suggests buying quality stocks during market dips caused by FII volatility. He highlights the importance of managing portfolio volatility, with opportunities in largecaps for short-term gains and small/midcaps for longer-term growth.
Have some cash on sidelines; Kotak a good buy on dips; Titan too overvalued: Sandip Sabharwal
Sandip Sabharwal advises caution in the market due to uncertain valuations and growth trajectory. He highlights investment opportunities in auto companies, consumer goods, and infra firms amidst global economic shifts and upcoming elections. Sabharwal says: "Post results, Dabur looked like a decent proposition because it has underperformed for so many years and that is one consumer company which is saying that they are releasing growth uptake."
Looking to buy Kotak Bank on further dip; tough to justify PFC & REC valuations: Sandip Sabharwal
Sandip Sabharwal discusses various market aspects including Kotak Bank's potential amidst a correction, private banking preferences, power sector insights, CVs sector observations, and the situation with Godrej Properties. He also comments on recent earnings performances in the IT sector. Sabharwal says: "This correction in Kotak Bank could possibly take it to levels where it becomes a buy candidate sooner than later."
Use the dips to buy into Kotak Bank and Bajaj Finance; recovery will be as sharp on next trigger: Deven Choksey
Deven Choksey discusses market opportunities during corrections, stock-specific triggers for recovery like in Kotak Bank and Bajaj Finance. Real estate and consumer durables sectors show growth potential, with Reliance Retail's entry expected to disrupt the market.
It’s a buy-on-dips market but we have not increased cash allocation: Abhay Agarwal
Abhay Agarwal says "we have recently rebalanced our model portfolio, booked some profits in small and midcaps that we have over allocated to last year at the same time and redeploying them in largecaps where we see more value now. That is the only change that we have made in the portfolio. Other than that, we do not have increased cash allocation."
PSUs to continue decadal rally, buy every dip; top 5 power and realty stocks to bet on: CA Rudramurthy BV
CA Rudramurthy BV predicts Nifty to rise to 23,000-23,200 and Bank Nifty to 50,000 in April. He recommends buying on dips, especially emphasizing opportunities in public sector enterprises, power stocks, and specific companies in the real estate sector. He further says: " Trent is a buy on every dip or at any price and hold it in your portfolio."
Time to buy the dip in pockets where correction is driven by valuation: Shreyash Devalkar
Shreyash Devalkar of Axis Mutual Fund discusses market volatility, opportunities in mid/smallcaps, sector focus on earnings, and the long-term trajectory in the power sector, emphasizing caution on asset owner valuations and potential growth in capital goods companies.
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