Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: 2 top stock recommendations from Rajesh Bhosale – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > 2 top stock recommendations from Rajesh Bhosale – Delhi News Daily
Business

2 top stock recommendations from Rajesh Bhosale – Delhi News Daily

delhinewsdaily
Last updated: July 7, 2025 10:13 am
delhinewsdaily
Share
SHARE


“We can expect the positive momentum to continue. So, yes, bias remains positive. Similarly, for the Bank Nifty, if we see, it is holding on to its key support of 20-day exponential moving average. So, 56,800 to 56,700 is a strong support. So overall bias is positive. Buy on dip would be the strategy that we would be focusing on,” says Rajesh Bhosale, Angel One.

How do you see markets currently, 25,400 not breached yet, but yet lacklustre market?
Rajesh Bhosale: So, if we see since last week market has been in a consolidation phase, but overall trend remains positive. It seems that traders are bit cautious with the Trump trade policy and ahead of few key results that are being aligned this week. So, overall, bias is positive but we are seeing some consolidation. On the lower side if we see somewhere around 25,300 to 25,400 is a strong base and on the higher side if we see intraday, 25,500 is a resistance.

Once that is taken out, we can expect the positive momentum to continue. So, yes, bias remains positive. Similarly, for the Bank Nifty, if we see, it is holding on to its key support of 20-day exponential moving average. So, 56,800 to 56,700 is a strong support. So overall bias is positive. Buy on dip would be the strategy that we would be focusing on.Let us just focus on the FMCG pack which is in news today and obviously the positive Q1 updates that we have got. In fact, it is mixed for a lot of players, but then Godrej Consumer is seeing a single-digit volume and value growth. Few segments that could do well could be home care which is gaining momentum. Jubilant Food post 17% jump in consolidated revenue. So, it is a mix mixed bag. But then as we were discussing, I know it is a technical view that you will be giving up us, but then in the second half of this calendar year we expect this particular theme to catch on. Now, if someone wants to play this particular theme and looking at this kind of an update, is there any recommendation?
Rajesh Bhosale: So, overall, the FMCG has been out of limelight since last few months. But today if we see, there are positive traction in the frontline counters, HUL, Dabur, ITC. So, we expect the kind of chart structure we are seeing that the bottom out has been done and in the next few months this space that was in sluggish phase is likely to perform. So, yes, bias is positive but one has to be very selective. We do not expect broad-based buying, but selective space can give strong performance from here onwards.

ET logo

Live Events

I also want to ask you that in the current market what will be your stock specific picks which one could pencil in?
Rajesh Bhosale: So, as just we highlighted the FMCG space, one counter that we are liking is Marico. So, Marico has been already in a strong uptrend, continuously moving in a higher top, higher bottom structure. Last Friday we saw bullish breakaway gap and that gap has been sustained. On the daily chart, we are seeing a cup and handle formation. So, Marico looks interesting from next couple of trading sessions’ point of view with a stop loss of 717, we expect a target of 775 in the near term.

So, another stock pick is L&T Finance. So L&T Finance if we see, it has already given a long-term bullish breakout and now after that breakout, after a long consolidation breakout, any dip is getting bought into. Now, the recent swing high also has been taken away and we can see a flag pattern breakout on the daily chart. So, with a stop loss of 203 L&T Finance look positive for the near-term targets of 220.



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article News18 VCK Chief Thol Thirumavalan Apologises For Controversial Same-Sex Love Remark After Backlash – Delhi News Daily
Next Article A century after ban, how Paris cleaned Seine river for swimming and how Olympics helped – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Immigration suit: US Supreme Court rejects Florida’s petition to enforce new law; state plans to continue appeal – Times of India – Delhi News Daily
  • ‘I couldn’t speak. I froze’: Indian origin priest accused of molesting beauty queen in Malaysia; police launch manhunt – Times of India – Delhi News Daily
  • Lenskart’s Bansal set to join list of founders with pre-IPO stake boosts – ET Retail – Delhi News Daily
  • Trump assassination attempt case: Secret Service suspends 6 personnel; deputy says ‘can’t fire our way out’ – Times of India – Delhi News Daily
  • Who was Virginia Giuffre? The voice that took on Epstein – and why her ghost haunts Trump administration – Times of India – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

Waaree Energies shares jump over 8% in 2 days. Here’s why – Delhi News Daily

Shares of Waaree Energies gained 8.4% in the last two trading sessions after its U.S.-based subsidiary secured a 540 megawatt…

2 Min Read
Business

F&O Talk| Indian markets in mature uptrend, Nifty now eyeing 26k: Rahul Ghose – Delhi News Daily

Markets snapped their five-week-long consolidation trend, driven by improving global cues, easing geopolitical concerns, and a renewed uptick in foreign…

6 Min Read
Business

Jane Street vs Sebi: 10 things to know about how the American hedge firm made Rs 36,500 crore profit – 10 things about Jane Street – Delhi News Daily

India’s market regulator Sebi has barred U.S.-based trading giant Jane Street Group and its affiliates from accessing Indian markets, citing…

1 Min Read
Business

Dalal Street Week Ahead: Time to exit overheated themes, enter emerging plays – Delhi News Daily

After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and…

6 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?