Nifty witnesses’ sharp intraday swings — dipping early, then rebounding strongly, and finally sliding towards the close.

The heightened volatility was largely attributed to investor caution ahead of the Bihar election results, scheduled for Friday, November 14th.

Nifty (+3, 25879)
Sensex (+12, 84479)
Bank Nifty (+107, 58382)

The undertone remains positive amidst positive catlysts:

1) Optimism over an NDA landslide victory in Bihar.

2) Crude oil futures has plunged, slipping toward $58 per barrel, as OPEC signalled a comfortable supply outlook.

3) US–India Trade Deal Hopes.

4) Expectations of an End to the US Shutdown.

5) Fed Rate Cut Buzz.

Adv-Dec 22—28

INDIA VIX 12.16 (+0.41%)

NIFTY PCR (18th NOV) 1.06

NIFTY PCR (25th NOV) 1.00

USD/INR Futures (NOV) (+0.03%, 88.72

SECTOR GAINERS:

NIFTY METAL (+0.44%)
NIFTY REALTY (+0.42%)
NIFTY PHARMA (+0.41%)

SECTORS LOSERS

NIFTY PSUBANKS (-0.68%)
NIFTY MEDIA (-0.55%)
NIFTY FMCG (-0.51%)

TODAY’S MARKET RE-CAP:

1) Nifty (+0.47%) witnessed a volatile trading session and the positive takeaway is that Nifty gained for 4th-straight day.

Nifty is still above its 21 DMA (25719), 50 DMA (25298) and its 100 DMA (25146). Nifty’s 200 DMA at 24427 mark.

Please note, confirmation of strength now only above 26110 mark.

2) Bank Nifty (+0.18%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most importantly, Bnak Nifty ended in green for the 5th straight day. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

3) The market breadth (21:29) was in favour of the bears.

4) Nifty Mid-cap (-0.36%) slipped while Nifty Small-cap (-0.43%) too ended with minor cut.

STOCKS IN SPOTLIGHT:

1) Infibeam Avenues (+8.38%) spiked after posting strong Q2 earnings, with profit after tax rising 51% year-on-year to ₹66.52 crore.

Revenue from operations also soared 93.27% to ₹1,964.91 crore in Q2 FY26 versus Q2 FY25, driven by robust performance across its digital payments and e-commerce solutions businesses.

2) Honasa Consumer (+5.95%) jumped after the company reported a net profit of Rs 39 crore in Q2 FY26 as against a net loss of Rs 19 crore recorded in Q2 FY25.

Revenue from operations rose by 16.5% year-over-year (YoY) to Rs 538 crore during the quarter

BULLS OF THE DAY:

ASIANPAINTS (+3.77%)
HINDALCO (+2.47%)
INDIGO (+1.99%)
ICICIBANK (+1.95%)
L&T (+1.27%)

ETERNAL (-3.69%)
TMCV (-2.84%)
M&M (-1.46%)
EICHERMOT (-1.20%)
TATASTEEL (-1.15%)

OUR VIEW FOR FRIDAY’S TRADE

Despite today’s consolidation we suspect there is still room for bulls to recapture 26000 mark.

The positive takeaway was that Nifty gained for 4th-straight day.

Technically speaking, confirmation of strength now only above 26111 mark. The gyan mantra is to stay bullish as long as Nifty 25589 support is held.

ALL ABOUT NIFTY:
Nifty (CMP: 25879)
Support: 25500/25351
Resistance: 26000/26200
Range: 25722-26000
21 DMA: 25719
50 DMA: 25298
200 DMA: 24427
Trend: Positive

BULLISH LOOKING STOCKS:

BIOCON

TATASTEEL

NATIONALUM

BULLISH LOOKING STOCKS (LONG TERM):

SYRMA TECHNOLOGIES

HBL ENGINEERING

DEEP INDUSTRIES

BEARISH LOOKING STOCKS:

PIIND

POLICYBZR

SUPREMEIND

STOCKS TO AVOID:

MAZDOCK

OFSS

RECLTD

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


OPTION TRADE

Open Buy: NIFTY CE

Open Sell: NIL

Closed Calls: NIL

OPTION TRADE PROFIT: NIL

INTRADAY TRADE:

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

INTRADAY TRADE PROFIT: NIL

JACKPOT TRADE

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

JACKPOT TRADE PROFIT: NIL

INDEX TRADE

Open Buy:BANKNIFTY

Open Sell: NIL

Closed Calls: NIL

INDEX TRADE PROFIT: NIL

FORMULA ONE (F1)

Open Buy: BANKNIFTY

Open Sell: NIL

Closed Calls: NIL

FORMULA ONE (F1) PROFIT: NIL

SWING TRADE:

Open Buy: GE VERNOVA, SUNPHARMA, EUREKA, CARYSIL, WAAREE, STEELCAST, INDUSTOWER, CENTUM, CHEMCON, JUPITER WAGONS, TEJAS NETWORKS, VARUN BEVERAGES, BANKBARODA (2), HUDCO, CIPLA, IOC, CHAMBALFERT, TRANS RAIL, NAUKRI, RITES, SBI CARD,

Open Sell: NIL

Closed Calls: SANDHAR (+9.49%) SAFARI (+1.68%)

SWING TRADE PROFIT: +5.59% (AVG)

PURE INVESTMENT CALL (BINOCULAR):

Open Buy: SNOWMAN, GMRINFRA, EXICOM, GAIL, YATRA, ADANI POWER, EVEREST INDUSTRIES, ZOMATO, NILKAMAL

Closed Calls: NIL

PURE INVESTMENT CALL (BINOCULAR) PROFIT: NIL

TOTAL PROFIT/LOSS FOR THE DAY:

OPTION TRADE: (NIL)

JACKPOT TRADE: (NIL)

INTRADAY TRADE: (NIL)

INDEX TRADE: (NIL)

BTST/STBT: (NIL)

Formula One: (NIL)

SWING TRADE: +5.59% (AVG)

PURE INVESTMENT CALL (BINOCULAR): (NIL)


Nifty wavers in early trade, suggesting that bullish consolidation may remain the dominant theme in what’s likely to be a choppy, range-bound session.

Nifty (-15, 25861)
Sensex (-40, 84426)
Bank Nifty (+72, 58347)

Nifty (CMP: 25861)

SUPPORT: 25709/25471
RESISTANCE: 26109/26277
TRADING RANGE (25700-25950)
BIAS: Positive

SECTOR GAINER:

NIFTY METAL (+1.53%)
NIFTY REALITY (+1.39%)
NIFTY MEDIA (+0.25%)

SECTOR LOSER:

NIFTY CPSE (-0.55%)
NIFTY IT (-0.48%)
NIFTY FMCG (-0.33%)

STOCKS IN SPOTLIGHT:

1) SpiceJet (-2.09%) slipped to ₹37.74 after reporting a wider consolidated net loss of ₹447.70 crore in Q2 FY26, compared to a loss of ₹424.26 crore in the same quarter last year. The company clarified that the figure excludes forex losses. The results highlight continued operational and cost challenges for the airline despite improving passenger traffic trends.
2) Gandhar Oil Refinery (India) jumped 3.55% after the company reported 98.2% surge in consolidated net profit to Rs 36 crore in Q2 FY26 as against Rs 18.2 crore posted in Q2 FY25. Revenue from operations rise 13.3% year on year to Rs 1,060 crore in the quarter ended 30 September 2025.

KEY THEMES FOR THE DAY:

The tone remains positive, with buying momentum likely to strengthen on any intraday declines — a clear sign that bulls are regaining control on Dalal Street.

All eyes will be on Bihar, with elections held on November 6th and 11th and results due on November 14th.

The Good News: Crude oil futures has plunged, slipping toward $58 per barrel on Thursday and hitting a three-week low, as OPEC signaled a comfortable supply outlook. The group projected that global oil production would match demand by 2026, reversing its earlier forecast of a deficit, and noted that supply already exceeded demand in the third quarter — dampening sentiment across energy markets.

The other 3-positive catalysts this morning:

1) US–India Trade Deal Hopes.
2) Expectations of an End to the US Shutdown.
3) Fed Rate Cut Buzz.

The Negative Catalyst: In yesterday’s positive session, FIIs turned out to be net sellers to the tune of Rupees 1750.03 Cr.

Top Index Gainers:
ASIAN PAINTS (+3.13%)
TATA STEEL (+1.72%)
HINDALCO (+1.5%)
INDIGO (+1.35%)
ICICI BANK (+1.3%)

Top Index Losers:
TMCV (-2.81%)
ONGC (-1.83%)
ETERNAL (-1.13%)
INFY (-0.75%)
KOTAK BANK (-0.72%)

# 10.10 AM GLOBAL UPDATE:

Dow Futures: (+132, 48387)
Nasdaq 100 Futures (+91, 25606)

Nikkei (+147, 51211)
Hang Seng (-156, 26766)

Dollar Index (+0.03%, 99.49)
WTI OIL (-0.27%, 58.38)
Gold (+10, 4205)

Securities in Ban for Trade Date: Thursday, November 13th 2025*

SAIL

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


The Good News for Dalal Street: Crude oil futures has plunged, slipping toward $58 per barrel on Thursday and hitting a three-week low, as OPEC signaled a comfortable supply outlook. The group projected that global oil production would match demand by 2026, reversing its earlier forecast of a deficit, and noted that supply already exceeded demand in the third quarter — dampening sentiment across energy markets.

Our call of the day suggests bullish consolidation should be the preferred theme for the day for benchmark Nifty…

Well, if Nifty’s last three-trading session is any indication then we suspect, Nifty’s all-time-high at 26277.35 mark should reach sooner than later.

The Biggest Catalyst to Watch: Bihar elections result due on Friday, November 14th.

Bottom-line: Nifty will aim to ring a positive session this Thursday.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-4, 25953)
Dow Futures: (+132, 48387)
Nasdaq 100 Futures (+41, 25558)

Nikkei (+13, 51076)
Hang Seng (-114, 26809)

Dollar Index (+0.03%, 99.49)
WTI OIL (-0.27%, 58.38)
Gold (+10, 4205)

Securities in Ban for Trade Date: Thursday, November 13th 2025*

SAIL

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


TOP SECTORS:

Bullish Sector: PHARMA, PSUBANKS, METALS

Bearish Sector: MEDIA, FMCG

STOCKS TO WATCH:

BULLISH STOCKS (Long Build-up+ Short Covering): ADANI PORTS, BEL, NYKAA, INDIGO, INDUS TOWER, M&M, TD POWER SYSTEMS, SYRMA SGS TECHNOLOGY, LARSEN, ASHOK LEYLAND, Vodafone idea, LUPIN, SUN PHARMA

BEARISH STOCKS (Long Unwinding + Short Buildup): NTPC, DMART, DIXON TECHNOLOGIES.

Our chart of the day is bullish on POLYCAB, CDSL, INDIGO and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 stock to BUY right now:

Buy M&M (CMP 3754): Buy at CMP. Stop at 3641. Targets 3813/3909. Aggressive targets at 4051. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3569. Major hurdles only at 3813 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3135.

Happy Trading Day ahead

Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


GIFT Nifty is pointing to a sluggish start, perfectly in sync with our “Call of the Day” — suggesting bullish consolidation ahead for benchmark Nifty.

Traders will eye the Bihar elections results to be declared on Nov 14th .

The good news is that Nifty’s downside is likely to be limited as bullish sentiment continues to be fueled by three positive catalysts:

1) Bihar’s exit polls indicated a decisive win for the BJP–JD(U) alliance, with most pollsters forecasting a landslide victory for the ruling coalition and a major setback for the Tejashwi Yadav-led Mahagathbandhan.

2) This Thursday morning, US stock futures continue to enjoy strong session taking over the positive baton from Dow Jones which scaled above 48000 mark in overnight trade.

3) US lawmakers are nearing a deal to end the record-long government shutdown.

Bottom-line: Nifty looks to consolidate, as bullish traders shall prefer to stay on the sidelines despite renewed optimism over an NDA landslide victory in Bihar, with elections held on November 6th and 11th and results due on November 14th.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-8, 25949)
Dow Futures: (+133, 48388)
Nasdaq 100 Futures (+87, 25605)

Nikkei (+247, 51310)
Hang Seng (-143, 26779)

Dow Jones (+327, 48255)
Nasdaq Composite (-62, 23406)
Bovespa (-116, 157633).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Overnight at Wall Street, the Dow Jones crossed 48,000, marked a new record all-time-high.

The Positive Catalyst: Markets are pricing the end of the longest government shutdown in history.

In Wednesday’s session, the Dow Jones climbed 0.68% to fresh record highs, the S&P 500 edged up 0.06%, while the Nasdaq Composite slipped 0.26%.

Interestingly, the Dow Jones marked a new record all-time-high on ugly jobs data. The Dow was zooming higher despite gloomy jobs data which painted a darker picture for the economy.

The big question: Cracks beneath the surface?

Please note, when markets rally into bad news, it rarely ends quietly

Meanwhile, US Tech stocks continued their rout on Wdnesday as market participants fretted about lofty valuations.

Gold prices ($4175 per ounce) climbed, hovering now near its highest level since October 24, driven by growing expectations of a Federal Reserve’s imminent interest rate cut in December, despite policymakers’ efforts to downplay the likelihood of such a move.

WTI crude oil futures ($58.25) fell over 4% to around a three-week low of $58.42 per barrel on Wednesday, after three straight sessions of gains, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


🇯🇵 Japan : 5-Year JGB Auction

🇬🇧 Great Britain : Business Investment (QoQ) (Q3), Business Investment (YoY) (Q3), Construction Output (MoM) (Sep), U.K. Construction Output (YoY) (Sep), GDP (QoQ) (Q3), GDP (YoY) (Q3), GDP (MoM) (Sep), GDP (YoY) (Sep), Index of Services, Industrial Production (MoM) (Sep), Industrial Production (YoY) (Sep), Manufacturing Production (MoM) (Sep), Manufacturing Production (YoY) (Sep), Monthly GDP 3M/3M Change (Sep), Trade Balance (Sep), Trade Balance Non-EU (Sep), Labour Productivity (Q2), NIESR Monthly GDP Tracker

🇪🇺 Euro: ECB Economic Bulletin, ECOFIN Meetings, Industrial Production (MoM) (Sep), Industrial Production (YoY) (Sep)

🇩🇪 Germany : German Current Account Balance n.s.a (Sep)

🇨🇳 China : M2 Money Stock (YoY) (Oct), New Loans (Oct), Outstanding Loan Growth (YoY) (Oct), Chinese Total Social Financing (Oct)

🇺🇸 USA : IEA Monthly Report, Continuing Jobless Claims, Core CPI (MoM) (Oct), Core CPI (YoY) (Oct), Core CPI Index (Oct), CPI (MoM) (Oct), CPI (YoY) (Oct), CPI Index, n.s.a. (Oct), CPI Index, s.a (Oct), CPI, n.s.a (MoM) (Oct), Initial Jobless Claims, Jobless Claims 4-Week Avg., Nonfarm Productivity (QoQ) (Q3), Unit Labor Costs (QoQ) (Q3), Cleveland CPI (MoM) (Oct), 4-Week Bill Auction, 8-Week Bill Auction, Crude Oil Inventories, EIA Refinery Crude Runs (WoW), Crude Oil Imports, Cushing Crude Oil Inventories, Distillate Fuel Production, EIA Weekly Distillates Stocks, Gasoline Production, Heating Oil Stockpiles, EIA Weekly Refinery Utilization Rates (WoW), Gasoline Inventories, 30-Year Bond Auction


GIFT Nifty 🇮🇳: (-11, 25946)

Market Recap:

Nifty got a promising start in Wednesday’s trade. As the session progressed, bullish momentum gathered pace, with buyers dominating across sectors.

The Road Ahead:

Our call of the day suggests Nifty’s all-time-high at 26277.35 should reach sooner than later.

The 5-Positive Catalysts:

1) Dow Jones at new-record highs.

2) India’s CPI inflation eased to record lows, sparking renewed calls for the RBI to accelerate rate cuts in the coming policy meetings.

3) US–India Trade Deal Hopes – Renewed confidence as both nations move closer to sealing a trade pact.

4) Expectations of an End to the US Shutdown – Easing global uncertainty and boosting risk appetite.

5) Fed Rate Cut Buzz – Markets are pricing in a policy easing that could inject fresh liquidity.

The Biggest Headwinds:

FIIs sold in Wednesday’s bullish session to the tune of Rs. 1750 Crores.

Technically Speaking:

A breakout above 26,107 will confirm renewed strength and open the door to fresh record highs.

The gyan mantra for bullish traders: Stay positive as long as Nifty holds above the 25,500 support zone.

The Biggest Catalyst to Watch:

Investors shall continue to cheer the outcome of exit polls that hinted towards a clean-sweep for the BJP-JD(U) Alliance in the Bihar elections.

Bihar elections result due on Friday, November 14th.

Bottom Line:

Bullish consolidation could be the preferred theme for Thursday’s trading. That said, there is still a bright chance that Nifty’s 26000 could be the Next Stop.

STOCKS IN SPOTLIGHT:

1) Adani Enterprises (+5%): “Rights Issue Unveiled.
Adani Enterprises stock price climbed after the company announced details of its ₹25,000 crore rights issue. The rights price is set at ₹1,800 per share — a 23.93% discount to its previous close. Investors will be entitled to three shares for every 25 held (3:25).

2) BSE (+4.77%): “Earnings Light Up Dalal Street”
The stock price of BSE surged after posting a 61% jump in Q2 net profit to ₹557 crore. Revenue from operations rose 44% YoY to ₹1,068 crore, driven by strong volumes and new listings.

3) Tata Motors CV (New Listing): “Commercial Spin-Off Hits Top Gear”
Tata Motors’ commercial vehicle arm made a stellar market debut, listing at ₹335 on NSE — a 26.1% premium over the discovered price of ₹261.9.

4) BLS International Services (+8.72%): “Robust Earnings and Growth”
BLS soared after reporting a 26.8% rise in consolidated net profit to ₹175.23 crore and a 48.8% jump in revenue to ₹736.63 crore for Q2 FY26.

5) Zaggle Prepaid Ocean Services (+3.77%): “Payments Platform Delivers Strong Q2”
Zaggle gained as standalone net profit surged 79.1% YoY to ₹33.24crore.

6) GSFC (+6.79%): “Fertiliser Giant Blossoms on Strong Numbers”
Gujarat State Fertilizers & Chemicals (GSFC) rallied after Q2 results showed:
• Net sales up 20.96% YoY to ₹3,187 crore.
• Net profit up 8.67% YoY to ₹324 crore.
• Sequential profit growth: +133.9% QoQ.

7) Reliance Industrial Infrastructure (+1.23%): “Earnings Power Surge”
Reliance Infra gained after reporting a massive jump in consolidated net profit to ₹1,911 crore in Q2 FY26 from ₹59.84 crore in Q1. Revenue climbed 5.53% QoQ to ₹6,235 crore.

Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25876): Buy at CMP. Stop 25393. Targets 26000/26277. Aggressive targets at 26700-27000 zone.

Bank Nifty (58275): Buy at CMP. Stop at 57051. Targets 58577/58907. Aggressive targets at 59300-59700 zone.

Our chart of the day is bullish on POLYCAB, CDSL, INDIGO and ADANI PORTS on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy M&M (CMP 3754): Buy at CMP. Stop at 3641. Targets 3813/3909. Aggressive targets at 4051. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3569. Major hurdles only at 3813 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3135.

Disclaimer/ Disclosure: The investments & trading ideas recomended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only by after consulting with registered market intermediaries.

🙏🇮🇳


MARKET TRENDS:

Global cues: Positive
FII: (-1750.03 crores)
DII: (+5127.12 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Upside Breakout
F&O: 25500 – 26500 zone.

INDIA VIX 12.11 (-3.04%)
USD/INR Futures (November) (88.69)
NIFTY PCR (25th November) 0.98
Bank Nifty PCR (25th November) 0.94

Nifty Outlook: Nifty is expected to stage a spirited bullish session, with bullish momentum likely to remain in full force and drive a strong recovery across the board.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25876):
SUPPORT: 25751/25500
RESISTANCE: 26277/26750
RANGE: 25800-26100
BIAS: Positive
21 DMA: 25688
50 DMA: 25272
200 DMA: 24413

SENSEX (CMP 84467)
SUPPORT: 84000/83100
RESISTANCE: 85978/87000
RANGE: 84100-85500
BIAS: Positive
21 DMA: 83835
50 DMA: 82457
200 DMA: 80133

BANK NIFTY (CMP 58275)
SUPPORT: 57900/57157
RESISTANCE: 58577/59500
RANGE: 57900-58900
BIAS: Positive
21 DMA: 57767
50 DMA: 56173
200 DMA: 54142

Nifty: In Wednesday’s trade, Nifty started the session on the front foot and the positive takeaway was that bulls marched from strength to strength as the buying momentum prevailed all thru the trading session. Nifty ended way above the dotted lines.

Nifty is still above its 21 DMA (25688), 50 DMA (25272) and its 100 DMA (25135). Nifty’s 200 DMA at 24413 mark.

Please note, confirmation of strength now only above Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25751/25500/25011 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26107 and then at 26277.35. Bullish bias prevails

Bank Nifty: Bank Nifty (+0.23%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most importantly, Bank Nifty ended in green for the 4th straight day. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

Bank Nifty was seen slightly mirroring Nifty’s rebounding action, ending 0.23% higher as against Nifty’s 0.70% gains.

Interestingly, Nifty PSU Banks ended 0.62% higher while Nifty Private Bank Index ended with 0.29% gains.

Intraday support for Bank Nifty now seen at 57900/57157/56600 mark and then at 55600 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 58577 mark. Bank Nifty’s 200-DMA is placed at 54142 mark. Bias on Bank Nifty continues to be positive after yesterday’s consolidative bullish action.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


Good Morning Early, Readers!!

Overnight at Wall Street, the Dow Jones crosses 48,000, marks a new record all-time-high.

The Positive Catalyst: Markets are pricing the end of the longest government shutdown in history.

GIFT Nifty is seen trading listless in early action indicating bullish consolidation ahead for benchmark Nifty.

Traders eye the Bihar elections results to be declared on Nov 14th .

6:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-15, 25942)
Dow Futures: (+61, 48316)
Nasdaq 100 Futures (-15, 25518)

Nikkei (+113, 51166)
Hang Seng (Closed, 26923)

Dow Jones (+327, 48255)
Nasdaq Composite (-62, 23406)
Bovespa (-116, 157633).

In Wednesday’s session, the Dow Jones climbed 0.68% to fresh record highs, the S&P 500 edged up 0.06%, while the Nasdaq Composite slipped 0.26%

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