Rahul Sharma's top 2 stock picks for 2025
«So, look to buy on dips, that should be your strategy for the current market scenario. At 24,000 today, the risk-reward is not favourable for fresh longs, but if there is an intraday dip, you can be a buyer at these junctures,» says Rahul Sharma, JM Financial Services.
It seems like it is a good start of the new calendar year. Just yesterday, we have seen good gains and we are just building on to the gains. 23,900 is what we have crossed in today's trading session. What is your take coming in on the benchmark indices?
Rahul Sharma: Well, it is a cheerful start to 2025 and the best thing about January or rather this quarter is there is a strong possibility that this month be a positive one because historically speaking around 20-23 years every time Nifty has given three months of negative returns, the four-month has been invariably positive, so that is a bit of statistic. But if we look at the institutional positioning, especially the FIIs long-short ratio, that bottoms out generally around that 12% mark. So, we have come close to 14% roundabouts and it is a matter of time that Nifty shakes out that and we start a structural recovery from here. Zooming into what exactly is happening today.
So, today we have the weekly expiry for the Nifty. 24,000 is a resistance for the day. So, probably in the second half of the session, there could be some cooling off that can come in. But having said that, positionally, as long as we are above the 23,500 mark, we should be fine. And once we cross the 24,000 area, 24,150 is where
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