{"id":7181,"date":"2025-04-17T18:57:34","date_gmt":"2025-04-17T13:27:34","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=7181"},"modified":"2025-04-17T18:57:34","modified_gmt":"2025-04-17T13:27:34","slug":"%f0%9f%93%88-nifty-may-see-profit-booking-ahead-of-long-weekend-expert-insights-and-stock-picks","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/%f0%9f%93%88-nifty-may-see-profit-booking-ahead-of-long-weekend-expert-insights-and-stock-picks\/","title":{"rendered":"\ud83d\udcc8 Nifty May See Profit Booking Ahead of Long Weekend: Expert Insights and Stock Picks"},"content":{"rendered":"<p class=\"\" data-start=\"375\" data-end=\"737\">As Indian stock markets gear up for a long weekend, traders and investors are closely watching the Nifty\u2019s recent rally, which has added nearly 1,500\u20131,600 points in just a few sessions. This sharp upward move, primarily driven by gap-up openings, has brought the index close to a key resistance zone, signaling a possible pause or consolidation.<\/p>\n<p class=\"\" data-start=\"739\" data-end=\"1116\">&#8220;With the weekly expiry aligning with the holiday break, this is a logical time for some profit booking,&#8221; says Rahul Sharma, Director &amp; Head of Technical Research at JM Financial. According to him, the current market setup does not provide a favorable risk-reward ratio for fresh long positions, and it&#8217;s wise for traders to exit some holdings in the Nifty for now.<\/p>\n<p class=\"\" data-start=\"1118\" data-end=\"1234\">He suggests waiting for more clarity post-holiday before initiating new trades, especially in the broader index.<\/p>\n<p class=\"\" data-start=\"1236\" data-end=\"1592\">Despite this cautious tone, Sharma remains positive on the banking and financial sectors, which have shown strong momentum and resilience. &#8220;Banks and financials are still very robust\u2026 we could see more upside in the coming week,&#8221; he added, advising traders to trail their stop losses in these segments to lock in gains while protecting capital.<\/p>\n<p class=\"\" data-start=\"1594\" data-end=\"1639\">\ud83d\udd0d Stock Recommendations by Rahul Sharma:<\/p>\n<ol data-start=\"1641\" data-end=\"2111\">\n<li class=\"\" data-start=\"1641\" data-end=\"1796\">\n<p class=\"\" data-start=\"1644\" data-end=\"1671\">Cholamandalam Finance<\/p>\n<ul data-start=\"1675\" data-end=\"1796\">\n<li class=\"\" data-start=\"1675\" data-end=\"1695\">\n<p class=\"\" data-start=\"1677\" data-end=\"1695\"><em data-start=\"1677\" data-end=\"1686\">Target:<\/em> \u20b91,700<\/p>\n<\/li>\n<li class=\"\" data-start=\"1699\" data-end=\"1722\">\n<p class=\"\" data-start=\"1701\" data-end=\"1722\"><em data-start=\"1701\" data-end=\"1713\">Stop Loss:<\/em> \u20b91,530<\/p>\n<\/li>\n<li class=\"\" data-start=\"1726\" data-end=\"1796\">\n<p class=\"\" data-start=\"1728\" data-end=\"1796\"><em data-start=\"1728\" data-end=\"1734\">Why:<\/em> Looks strong technically and offers upside at current levels.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"\" data-start=\"1798\" data-end=\"1936\">\n<p class=\"\" data-start=\"1801\" data-end=\"1821\">Bank of Baroda<\/p>\n<ul data-start=\"1825\" data-end=\"1936\">\n<li class=\"\" data-start=\"1825\" data-end=\"1851\">\n<p class=\"\" data-start=\"1827\" data-end=\"1851\"><em data-start=\"1827\" data-end=\"1836\">Target:<\/em> 8\u201310% upside<\/p>\n<\/li>\n<li class=\"\" data-start=\"1855\" data-end=\"1876\">\n<p class=\"\" data-start=\"1857\" data-end=\"1876\"><em data-start=\"1857\" data-end=\"1869\">Stop Loss:<\/em> \u20b9233<\/p>\n<\/li>\n<li class=\"\" data-start=\"1880\" data-end=\"1936\">\n<p class=\"\" data-start=\"1882\" data-end=\"1936\"><em data-start=\"1882\" data-end=\"1888\">Why:<\/em> Stable fundamentals and strong technical setup.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"\" data-start=\"1938\" data-end=\"2111\">\n<p class=\"\" data-start=\"1941\" data-end=\"1958\">Adani Ports<\/p>\n<ul data-start=\"1962\" data-end=\"2111\">\n<li class=\"\" data-start=\"1962\" data-end=\"2000\">\n<p class=\"\" data-start=\"1964\" data-end=\"2000\"><em data-start=\"1964\" data-end=\"1984\">Short-Term Target:<\/em> \u20b91,300\u2013\u20b91,325<\/p>\n<\/li>\n<li class=\"\" data-start=\"2004\" data-end=\"2040\">\n<p class=\"\" data-start=\"2006\" data-end=\"2040\"><em data-start=\"2006\" data-end=\"2030\">Medium-Term Potential:<\/em> \u20b91,400+<\/p>\n<\/li>\n<li class=\"\" data-start=\"2044\" data-end=\"2111\">\n<p class=\"\" data-start=\"2046\" data-end=\"2111\"><em data-start=\"2046\" data-end=\"2052\">Why:<\/em> Took out its 200-day EMA, indicating a potential reversal.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p class=\"\" data-start=\"2113\" data-end=\"2383\">While the broader market may witness some cooling off, certain sectors and stocks remain well-positioned for further gains. Sharma\u2019s analysis underlines that strategic profit booking, not panic selling, is the right approach during such overheated market phases.<\/p>\n<p class=\"\" data-start=\"2385\" data-end=\"2544\">As markets resume post-holiday, traders should be alert for fresh signals and sector rotation, especially in banking and infrastructure-related stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Indian stock markets gear up for a long weekend, traders and investors are closely watching the Nifty\u2019s recent rally, which has added nearly 1,500\u20131,600 points in just a few sessions. This sharp upward move, primarily driven by gap-up openings, has brought the index close to a key resistance zone, signaling a possible pause or [&hellip;]<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-7181","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-political-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/7181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=7181"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/7181\/revisions"}],"predecessor-version":[{"id":7183,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/7181\/revisions\/7183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/7179"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=7181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=7181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=7181"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=7181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}