2 top stock recommendations from Dhwani Patel
«Especially talking about Nifty over here, still the support level definitely remains intact at 23,400 levels. Given those levels are holding out, the rally is here to stay on the higher side, having crossed 23,800 will be seen further buying action coming in over here,» says Dhwani Patel, Founder, Finversify.
Give us a sense of the kind of levels that you are predicting for Nifty and Nifty Bank, rather the benchmarks heading into next week because it is expiry date today, last Thursday of the month and also of the financial year 2025. So, we are expecting volatility. You have Nifty rejig happening, lots is happening and of course, but amid a market like this we are still holding on in a pretty stable fashion. Do you attribute all of this to only FII inflows or do you believe that there are deeper fundamentals that are proving to be tailwinds for our markets and is this uptick that we have seen today after two days of profit booking sustainable going ahead?
Dhwani Patel: Definitely, yes, we have been seeing that in the past two sessions we have seen a certain profit taking coming in over here on the index as well.
Especially talking about Nifty over here, still the support level definitely remains intact at 23,400 levels. Given those levels are holding out, the rally is here to stay on the higher side, having crossed 23,800 will be seen further buying action coming in over here.
But as of now, talking from the expiry point of view because that is the topic of the day, we will be seeing certain resistance being