In an interview with ET Now, Bhosel said they expected the benchmark index to be integrated before resuming the upper speed. “We see the Nifty about about 25,000 unified. Any dipping towards 24,900 should be viewed as an opportunity to buy,” he said.
Nifty moving toward 25,400: prejudice remains positive
Bhosale noted that while the Nifty is still under its September swing high, Bank Nifty and Finn Nifty have already surpassed their previous S S in the market, indicating a widespread market.
“We also expect to reflect this follow -up move in the Nifty 50. Prejudice remains positive. If the velocity sustains, we can see the index first 25,100 and then 25,400.”
He added that the current phase of consolidation is healthy for the market and provides investors the opportunity to collect quality stocks on DIP.
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Top stock elections: TCS and BSE look strong
With a market point of view, Bhosale shared two high-rise trade ideas, which believes that TC and BSE in the near term.
1. TCS: Building that velocity in front of the results
“TCS is showing strength next to its results this week,” Bhosle said.
He explained that the stock is currently trading near its 2022 swing lose and around 89 EMAs monthly, which is a long -term support level.
Sustainable above 25,000 can be a fresh side lace for Nifty
He said, “We are looking at strong pace today as TCS crosses its last week’s high scorpion. The risk-pure looks attractive.”
- Buy TCS at the current level
- Target: Rs. 3,100
- Stop-Loss: Rs. 2,890
2. BSE: Breaking long -term resistance
Bhosale is the second elected BSE, which is showing strong price action in recent sessions.
He published that the BSE is building a solid base around its 200-day moving average and is now broken by a long-term trendline indicating a possible breakout.
He advised, “BSE ₹ 2,400 can be purchased for the near-term target, with a stop-loss ₹ 2,100.”
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- Buy BSE at the current level
- Target: Rs. 2,400
- Stop-Loss: Rs. 2,100
The market spirit of turning bullish
With the banking and IT stocks rallies, the market spirit is excited despite global uncertainty.
“Both banking and it is performing well – it’s a strong sign of market width and confidence,” Bhosle said.
He believes that with the onset of earnings season, strong financial performance and improvement of fluid can help to sustain rally in the coming weeks.
The breakout of the Nifty above 25,000 is a mark of the boom, and analysts like Rajesh Bhosale look more and more.
Bhosale Message to Investors:
“Be positive, buy on a dip and ride on trend. Velocity is on the side of the bulls.”
With TCS and BSE flashing technical strength and improvement in broader market setup, traders have many reasons for being optimistic.
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