Stocks to buy | Dharmesh Shah’s strategy: Go stock-specific amid market indecision
According to Dharmesh Shah, the market appears to be taking a short breather as it waits for clarity on the US-India trade deal. Despite the cautious sentiment, the Nifty is holding above its breakout zone, which aligns with the 20-day EMA near 25,200. This zone, including 25,100, is acting as a strong support level.Dharmesh Shah in an interview to ET Now notes that while the market seems lacklustre, it is supported by improving internals. The percentage of CNX 500 stocks trading above their 200-day moving average has risen to 60% from 52% last month. He believes this indicates a healthy consolidation and expects the Nifty to gradually move towards the 25,800–26,000 zone in the coming month. His core strategy remains buy-on-dips. Market outlook – Consolidation with upside potential | Source: The Economic Times
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