SOMIL MEHTA
ITC, RIL, HDFC Bank among top laggards as Nifty falls over 12% in 2026: Time to buy beaten-down stocks or wait for a recovery?
In 2026, the Nifty 50 index faced significant drops, with 34 out of 50 stocks plummeting by as much as 34%. Analysts believe that the sell-off is driven by foreign institutional investor exits and a conservative outlook on earnings. This decline presents potential opportunities for long-term investors as valuations dip below historical norms.
Nifty rally faces crucial test at key resistance levels: Analysts
Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment. Analysts suggest it must breach key resistance levels for more substantial gains ahead. Meanwhile, Bank Nifty is approaching significant resistance, which may hinder further upside potential shortly. Key stocks like Coforge, Kotak Bank, and Indian Hotels present buying opportunities based on technical analysis.
Nifty outlook: Can the index defend the crucial 23,000 level?
The Nifty index has extended its losing streak, testing key support levels. Recent recovery indicates demand, but the broader trend remains under pressure. Experts suggest specific options strategies and stock picks for the week. Several stocks like Sona Com, Auro Pharma, and PhysicsWallah are recommended for buying. Trading strategies focus on potential bounces and retracements in the market.
Long-term patience along with discipline, not ‘multi-bagger hunting’, builds real wealth: Somil Mehta
Somil Mehta of Mirae Asset Sharekhan emphasizes that sustainable wealth creation hinges on discipline and patience, not impulsive bets. He highlights the importance of structured investing, consistent monitoring, and risk management, noting that research accessibility has outpaced its structured application by many investors.
Nifty & Bank Nifty positive in medium, short-term; buy on dips: Somil Mehta
Somil Mehta from Mirae Asset Sharekhan forecasts a continued uptrend for Nifty and Bank Nifty, setting immediate targets at 24,500 and 56,000, respectively. He highlights PSU banks like Bank of Baroda and Canara Bank as promising within the financial sector. Bajaj Auto and Federal Bank are his top stock picks, with specific stop-loss and target levels.
Wait and watch for Suzlon: Somil Mehta
Suzlon has broken out of a very huge consolidation range and the volumes are coming in, the momentum indicators has given buy signals, started firming a higher top, higher bottom.
Sell OMCs' stocks: Somil Mehta
These stocks have been firming triangular patterns and flat patterns where a consolidation phase is going on and this consolidation phase would break on the downside.
10-15% upside seen in Kale Consultants medium-term : Sharekhan
Kale Consultants looks good, might just consolidate in the same area but overall looks positive.
GMR, Lanco good bets in infra space: Sharekhan
GMR Infra, Lanco both have had a good correction and are looking good.
Buy Motherson Sumi: Somil Mehta
It has been consolidating now and it has been forming a triangular pattern so I am expecting a breakout on the upside.
Bearish on M&M: Somil Mehta
Rs 670-Rs 680 would be the right time to again get into the stock but overall right now it is looking negative in the short term.
Exit Shoppers Stop: Somil Mehta
"Shoppers Stop is looking a little weak in trade."
Buy Pantaloon Retail; target 550: Somil Mehta
"Pantaloon Retail, a little bit of upside is still left and 550 would be a target in the medium term with a stop loss of 460."
Buy Alstom Power; target 820: Somil Mehta
"Alstom Power is trading in a channel pattern. It is taking support at the lower end of the channel and keeping its momentum strong on the upside."
Buy L&T for target of Rs 2,250, stop loss Rs 1,870: Sharekhan
It has formed an ABC pattern and it has completed, which is a corrective pattern and it has started its rally on the upside and it is moving strong.
Buy Vishal Retail; target 68: Somil Mehta
"Our medium term perspective is extremely positive and I have a target of at least 68 with a stop loss of 52."
Buy ONGC; target 1600: Somil Mehta
"ONGC, all the oil companies actually, BPCL, HPCL, ONGC, Essar Oil, have started a new cycle on the upside and it is making a higher top higher bottom."
Buy Kale Consultants for target of Rs 185: Sharekhan
It has broken out a triangular pattern but it is the last leg for this stock on the weekly charts and Rs 185 would be a target on a medium-term perspective.
Buy NTPC on dips: Somil Mehta, Sharekhan
Somil Mehta, Sr Technical Analyst, Sharekhan, in a chat with ET Now talks about NTPC.
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