Sudeep Shah

F&O Talk| Nifty northward rally to continue in near term, sector rotation plays crucial role: Sudeep Shah of SBI Securities

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F&O Talk| Nifty northward rally to continue in near term, sector rotation plays crucial role: Sudeep Shah of SBI Securities

Indian markets rose by 1.7% this week, marking a third consecutive weekly gain, driven by favorable global and domestic factors. The positive momentum was fueled by the US Federal Reserve’s rate cut and steady economic data, leading to increased foreign investments. Additionally, China’s economic stimulus boosted global investor confidence, particularly in Asian markets. Metals and … Read more

F&O Talk | Bank Nifty may eye 57,000 mark in medium term, overall market view bullish: Sudeep Shah of SBI Securities

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F&O Talk | Bank Nifty may eye 57,000 mark in medium term, overall market view bullish: Sudeep Shah of SBI Securities

On Friday, the domestic equities rallied for the second straight day, driven by positive global cues and a drop in U.S. jobless claims. The Nifty surged 375 points (+1.5%) to hit record highs, with most sectors, except PSU Banks, ending in the green. Realty, metals, FMCG, private banks and financial services led gains. Analysts believe … Read more

F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities

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F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities

The Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note as the index plunged ahead of a key U.S. jobs report, which could influence the Federal Reserve’s decisions on the pace and magnitude of interest rate cuts. The 50 component index Nifty 50 as … Read more

stock recommendations: 2 top stock recommendations from Sudeep Shah

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stock recommendations: 2 top stock recommendations from Sudeep Shah

“So, if we just have to come down to a number on Nifty, then yes 25,100 will now be that number that I will be watching out for on the downside as an important support and till this zone is held. Upside up to 25,430, 25,500 cannot be ruled out in the next few sessions,” … Read more

F&O Talk: IT, pharma technically well placed, may contribute to Nifty’s upmove, says Sudeep Shah of SBI Securities

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F&O Talk: IT, pharma technically well placed, may contribute to Nifty’s upmove, says Sudeep Shah of SBI Securities

Driven by domestic inflows and renewed optimism about a potential Fed rate cut in the September meeting, the market has demonstrated a broad-based recovery and reached new highs. Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs on Friday. This marked Nifty’s best week in two months, extending its winning streak to … Read more

F&O Talk| Nifty still outperforming global peers, eyes key 24,700 level for breakout: Sudeep Shah of SBI Securities

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F&O Talk| Nifty still outperforming global peers, eyes key 24,700 level for breakout: Sudeep Shah of SBI Securities

Strong global market cues provided a major impetus to the market as the Sensex surged more than 1,000 points in intra-day trades on all-round buying support. India Vix also descended from 20 levels to 15 during the week, which signals an easing in the cautiousness in the market and improvement in sentiments. The second half … Read more

F&O Talk: Healthy correction on cards for Nifty, paving way for next upmove, says Sudeep Shah of SBI Securities

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F&O Talk: Healthy correction on cards for Nifty, paving way for next upmove, says Sudeep Shah of SBI Securities

The Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so. On Friday, the Nifty closed lower by 1.2% at 24,717.70, … Read more

nifty bank: F&O Talk| Nifty Bank may witness pullback rally if it stays above 50,400: Sudeep Shah of SBI Securities

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nifty bank: F&O Talk| Nifty Bank may witness pullback rally if it stays above 50,400: Sudeep Shah of SBI Securities

Nifty witnessed a sharp recovery a day after monthly F&O expiry, to close near the all-time high with gains of 429 points or 1.7% at 24,835. The broader market too ended in green, up by more than 1%. The Nifty50 index started on a flattish note this week considering global cues however there was a … Read more

F&O Talk| Nifty charts don’t indicate weakness, prefer Bull Call Spread: Sudeep Shah of SBI Securities

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F&O Talk| Nifty charts don’t indicate weakness, prefer Bull Call Spread: Sudeep Shah of SBI Securities

Bulls are in full control of the market at the current juncture as Nifty ended its sixth consecutive week with gains. However, the week did witness some profit booking for Bank Nifty on the upper levels. The week broadly witnessed a range bound movement for both the indices but the prices are comfortably placed above … Read more

F&O Talk| Expect consolidation breakout in Nifty above 23,500, buy on dips: Sudeep Shah of SBI Securities

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F&O Talk| Expect consolidation breakout in Nifty above 23,500, buy on dips: Sudeep Shah of SBI Securities

Nifty ended the week with a 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. The post-election rally has taken everyone by surprise and both … Read more