Edited excerpts from a chat:
What’s your broad view on Nifty, and the place do you see it heading?
As of March 13, 2025, the Nifty 50 index closed at 22,397.20, marking a decline of 73.30 factors (-0.33%). The index has been underneath stress because of weak earnings, steady overseas outflows, and international financial uncertainties, resulting in a major discount from its peak in September 2024.
Technically, Nifty is buying and selling under its key transferring averages, indicating bearish momentum. Rapid help is seen at 22,000, with resistance round 22,800. A development reversal would solely be confirmed if Nifty breaks above its earlier decrease excessive at 23,807. Till then, the broader market construction stays weak.
Financial institution Nifty has declined lower than Nifty—what’s your tackle this relative efficiency?
Each Nifty and Financial institution Nifty charts are comparable, displaying weekly decrease tops and decrease bottoms, signaling a powerful downtrend. Comparatively, Financial institution Nifty has fallen much less as a result of relative outperformance of Kotak and HDFC. Rapid help is at 46,300-46,000 ranges, with near-term resistance round 49,000. An in depth above 49,600 would negate the short-term unfavourable bias. IndusInd Financial institution’s worth motion will closely affect Financial institution Nifty.
How do you view ICICI Financial institution’s present efficiency and future prospects?
ICICI Financial institution has proven resilience amid market volatility. At the moment buying and selling round ₹1,250, the inventory is in a weekly and month-to-month uptrend, forming bullish candlesticks round key help ranges. Basically, ICICI Financial institution maintains robust asset high quality and constant earnings progress. If the broader markets present help, the inventory may attain ₹1,340-1,350.
What’s your outlook on IndusInd Financial institution given its current decline?
IndusInd Financial institution has confronted a 27% decline because of accounting discrepancies in its derivatives portfolio and management uncertainties. The inventory has breached main help ranges, indicating additional draw back. Whereas non permanent bounces could happen, merchants shouldn’t misconstrue them as development reversals. The most effective technique is to attend for a confirmed development reversal on weekly timeframes earlier than including positions.
MTNL surged after asset monetization information. How do you assess its future development?
MTNL’s inventory surged 18% intraday, closing at ₹49.26 on March 13, 2025, following asset monetization information. The inventory has moved above its 50-day transferring common, signaling potential bullish momentum. Nonetheless, sustaining these ranges is determined by profitable execution of the asset monetization plans. Close to-term resistance is at ₹57.5 and ₹62, an in depth above which may propel the inventory increased. Solely merchants ought to give attention to this inventory with a cease loss, whereas long-term buyers ought to be cautious.
How do you see the metallic sector performing amid international uncertainties?
The metallic sector has confronted headwinds because of international financial uncertainties and fluctuating commodity costs. Main shares like JSW Metal and Tata Metal present blended charts, with sideways motion. Nonetheless, the sector has been comparatively resilient amid favorable information from China.
What’s your outlook on the oil & fuel sector given crude oil worth fluctuations?
The oil and fuel sector is influenced by crude oil costs and home insurance policies. Firms with robust stability sheets are higher positioned to deal with volatility. Technically, shares like ONGC and OIL are in a powerful downtrend. OIL may be checked out round ₹300 ranges, and ONGC may be accrued within the ₹180-170 vary.
The IT sector faces near-term challenges however has long-term potential—what’s your view?
The Indian IT sector faces near-term challenges however has a powerful long-term outlook. Shares of main IT companies have declined 6-9% just lately because of U.S. slowdown issues. Nonetheless, Nasscom initiatives 5.1% income progress in FY25, with the trade anticipated to succeed in $300 billion by FY26. AI and automation pose each alternatives and dangers. Buyers ought to monitor deal wins and international developments. Choose mid-cap IT shares like Bsoft and Coforge look promising at decrease ranges.
Which sectors look robust proper now, and which shares stand out as promising alternatives?
The IT and shopper sturdy sectors seem robust on charts. Choose mid-cap IT shares like Bsoft (₹350 ranges) and Coforge (₹6,500-6,300 vary) look promising. The patron sturdy sector can be benefiting from price range incentives, rising disposable earnings, and urbanization. Voltas is positioned properly because of robust summer time demand and AC penetration in tier-2 and tier-3 cities. Havells India additionally stays a powerful participant within the electrical items area. Choose pharma shares like Dr. Reddy (₹1,000 ranges) and IPCA Labs (₹1,250 ranges) additionally look promising.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of the Financial Occasions)
