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Rahul Sharma advises on bullish prospects for Bank of Baroda and Power Finance Corporation in the PSU space, expecting significant upward movements. He remains positive on the market sentiment, especially towards the Nifty index, with historical data supporting the analysis.
Rahul Sharma suggests focusing on largecaps for alpha generation, while considering smallcaps and midcaps at discounted prices. Nifty s positive trend and sector leaders performance support an optimistic outlook for FY25. Sharma says: "As we have seen in the past, corrections have been bought into and this time also, it does not seem any different."
According to Rahul Sharma, ICICI Bank, Axis Bank, and Federal Bank are the top three stocks in the private banking sector with significant upside potential. The Nifty is expected to have an upwards breakout, and HDFC Bank is likely to follow suit. SAIL is recommended for re-entry in the PSU plus metals sector.
Markets have bounced back strongly after the last two weeks of correction on the back on Reliance Industries which has recorded more than 5% gains in the day so far, says Rahul Sharma , Director, Head - Technical & Derivatives Research at .