logo retina

Stock Market Turmoil Dharmesh Shah’s 5 Expert best Recommendations

Photo of author

By Media Reporter

Stock Market
Stock Market Turmoil Dharmesh Shah's 5 Expert best Recommendations 4

Introduction

In the ever-fluctuating landscape of the stock market, investors are constantly seeking guidance to make informed decisions. Amidst recent turbulence in domestic benchmark equity indices, the insights and recommendations of experts like Dharmesh Shah, Vice President of Securities, have become invaluable. Let’s delve into the latest market analysis and stock recommendations to navigate this dynamic environment.

Understanding Recent Market Trends

After a turbulent four-week period, the Sensex and the Nifty 50 experienced their worst week in over four months during Friday’s session. Except for the IT sector, all other sectoral indices witnessed losses, reflecting the prevailing uncertainty in the market. As investors brace themselves for the upcoming general elections in India scheduled for 2024, market experts anticipate heightened market activity in the coming weeks.The 30-share BSE Sensex ended lower by 453.85 points or 0.62% at 72,643.43 level while the Nifty closed at 22,023.35 level, down 123.30 points or 0.56%.

Key Economic Events Impacting Stock Markets

Monetary policy decisions by major central banks, including the US Federal Reserve (Fed) and the Bank of Japan (BoJ), are poised to influence market sentiment. With the US Fed’s policy meeting and interest rate decision on the horizon, analysts predict a status quo in benchmark interest rates. Additionally, market participants will closely monitor economic indicators such as inflation rates and currency movements for further insights into global economic trends

Monetary policy will be a major topic this coming week as the US Federal Reserve (Fed) will start its two-day policy meeting on March 19 and the interest rate decision will be out on March 20. Analysts predict that the US Fed will maintain its benchmark overnight interest rate unchanged, based on reports.

Market Outlook and Insights by Dharmesh Shah

Dharmesh Shah’s analysis highlights a period of consolidation , with expectations of a positive bias in the 21,700–22,400 range. Emphasizing stock-specific actions, Shah foresees a retracement of recent gains, setting the stage for a potential upswing towards the 22,700 target in April 2024. Furthermore, Shah provides insights into Bank Nifty’s performance, projecting a consolidation phase within a defined range.In the upcoming week, we expect Nifty 50 to extend consolidation in the 21,700–22,400 zone with a positive bias amid stock-specific action as prices undergo a healthy retracement of the recent rally.

Such consolidation over the next few weeks would set the stage for the next leg of up move, supported by Nifty 50 heavyweights, as we expect Nifty to head towards a target of 22,700 in April 2024. Use dips as a buying opportunity. Meanwhile, we expect Nifty midcap and small cap indices to undergo base formation over few weeks, explained Shah.

Stock Recommendations

Drawing on his expertise, Dharmesh Shah recommends two stocks for investors:

  1. Tata Consultancy Services Ltd (TCS): Shah advises buying TCS within the range of ₹4,170-4,230, targeting ₹4,530, with a stop loss at ₹3,990.
  2.  V-Guard Industries Ltd: For V-Guard Industries, Shah suggests buying within the range of ₹310–320, targeting ₹375, with a stop loss at ₹302.

ALSO READ: US STOCKS EXPERIENCE A SURGE OF NEARLY 1 %

Conclusion

Investors need to exercise caution and conduct thorough research before making investment decisions. The recommendations provided by analysts, including Dharmesh Shah, are subject to market volatility and individual risk profiles. Additionally, it’s advisable to seek advice from certified experts and consider personal financial goals and risk tolerance.

In conclusion, navigating the market requires a blend of market insights, strategic analysis, and prudent decision-making. By staying informed and leveraging expert recommendations like those provided by Dharmesh Shah, investors can navigate market volatility with confidence.have no other financial interest and do not have any material conflict of interest.

.

Read More…

3 thoughts on “Stock Market Turmoil Dharmesh Shah’s 5 Expert best Recommendations”

Leave a Comment