Good Morning Early, Readers!!

Wall Street witnesses steep fall in the wake of weaker labour market data.

GIFT Nifty is pointing to another steep sell-off for benchmark Nifty.

6:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-71, 25520)
Dow Futures: (+143, 47056)
Nasdaq 100 Futures (+107, 25237)

Nikkei (-684, 50200)
Hang Seng (Closed, 26486)

Dow Jones (-399, 46912)
Nasdaq Composite (-446, 23054)
Bovespa (+44, 153339).

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 guarantees performance of the intermediary or provides 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.


FIIs’ selling getting uglier day-by-day⚠🛑

FII Cash: -3,263.2 Cr.
DII Cash: +5,283.9 Cr.

FII Idx Fut: -513.2 Cr.
FII Idx Opt: -5,738.3 Cr.
FII Stk Fut: -245.6 Cr.
FII Stk Opt: +434.7 Cr.

FII Week Till Date
FII Cash: -6,214.0 Cr.
DII Cash: +10,003.2 Cr.

FII/DII Month till Date
FII Cash: -6,214.0 Cr.
DII Cash: +10,003.2 Cr.

FY-26 Till Date
FII Cash: -1,18,021.2 Cr.
DII Cash: +4,46,343.2 Cr.

Gift Nifty at 19:30 (25618, +27)


Nifty (-88, 25510)
Sensex (-148, 83311)
Bank Nifty (-273, 57554)

Benchmarks continued their losing streak after a holiday for 2nd straight session.

Nifty closed just a tad above 25500 mark.

Barring Auto & IT Indices, all the other sectoral indices ended in red.

Bottom-line: Return of risk at Dalal Street.

Technically speaking, Nifty needs to clear 25800 mark which becomes a crucial resistance on closing basis.

Adv-Dec 18—32

INDIA VIX 12.41 (-1.90%)

NIFTY PCR (11th NOV) 0.63

NIFTY PCR (25th NOV) 1.05

USD/INR Futures (NOV) (-0.12%, 88.68)

SECTOR GAINERS:

NIFTY IT (+0.18%)
NIFTY AUTO (+0.06%)

SECTORS LOSERS

NIFTY MEDIA (-2.54%)
NIFTY METAL (-2.07%)
NIFTY CONSUMER DURABLES (-1.98%)

TODAY’S MARKET RE-CAP:

1) Nifty (-0.34%) started to tumble after briefly staying in green in early action.

Now, Nifty is below its 21 DMA (25592), but still above its 50 DMA (25192) and its 100 DMA (25102). Nifty’s 200 DMA at 24364 mark.

2) Bank Nifty (-0.47%) too ended in red, falling in-line with Nifty. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

4) The market breadth (17:33) was in favour of the bears.

4) Nifty Mid-cap 50 (-0.69%) and Nifty Small-cap (-1.39%) indices ended with even more losses.

STOCKS IN SPOTLIGHT:

1) State Bank of India (SBI), the largest stakeholder in SBI Funds Management (SBIMF), will divest 6.3% stake in the mutual funds-arm via an initial public offer (IPO), the lender said on Thursday.

2) Realty firm Godrej Properties on Thursday reported a 21 per cent increase in its consolidated net profit to ₹402.99 crore in the second quarter of this fiscal year. Its net profit stood at ₹333.79 crore in the year-ago period.

3) Shares of Indian Hotels Company (IHCL) hit an over five-month low of ₹707.20, falling 5% on the BSE in Thursday’s intra-day trade amid heavy volumes after the company reported the financial results for second quarter of financial year 2025-26 (Q2FY26) results.

BULLS OF THE DAY:

ASIANPAINTS (+4.64%)
RELIANCE (+1.47%)
ULTRACEMCO (+1.04%)
M&M (+0.95%)
WIPRO (+0.90%)

BEARS OF THE DAY:

GRASIM (-6.42%)
HINDALCO (-5.39%)
ADANIENT (-4.50%)
POWERGRID (-3.15%)
ETERNAL (-2.62%)

OUR VIEW FOR FRIDAY’S TRADE

After today’s debacle, staying nimble on any long positions is likely to be the preferred strategy.

Caution continues to be the buzzword.

ALL ABOUT NIFTY:
Nifty (CMP: 25510)
Support: 25351/25188
Resistance: 25800/25952
Range: 25379-256644
21 DMA: 25592
50 DMA: 25192
200 DMA: 24364
Trend: Neutral

BULLISH LOOKING STOCKS:

ASIANPAINT

RBLBANK

RELIANCE

BULLISH LOOKING STOCKS (LONG TERM):

BEL

CHOLAFIN

DEEP INDUSTRIES

BEARISH LOOKING STOCKS:

INDHOTEL

GRASIM

CONCOR

STOCKS TO AVOID:

JIOFIN

DMART

POWERGRID

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: NIL

Open Sell: NIL

Closed Calls: NIFTY (-36000)

INDEX TRADE LOSS: -36000

FORMULA ONE (F1)

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIFTY (-36000), BDL (-26000)

FORMULA ONE (F1) LOSS: -62000

SWING TRADE:

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

Open Sell: NIL

Closed Calls: CCL PRODUCTS (+11.92%)

SWING TRADE PROFIT: +11.92%

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: (-36000)

BTST/STBT: (NIL)

Formula One: (-62000)

SWING TRADE: (+11.92%)

PURE INVESTMENT CALL (BINOCULAR): (NIL)


Nifty wavers after a starting on a positive note.

Nifty (+7, 25605)
Sensex (+189, 83648)
Bank Nifty (-157, 57670)

Nifty (CMP: 25605)

SUPPORT: 25471/25421
RESISTANCE: 25903/26107
TRADING RANGE (25550-26750)
BIAS: Neutral

SECTOR GAINER:

NIFTY AUTO (+0.61%)
NIFTY OIL& GAS (+0.57%)
NIFTY FMCG (+0.46%)

SECTOR LOSER:

NIFTY MEDIA (-1.46%)
NIFTY DEFENCE (-1.05%)
NIFTY METALS (-1.09%)

STOCKS IN SPOTLIGHT:

1) CCL Products (India) reported impressive Q2 financial results. Standalone net profit increased by 306% to Rs. 112.26 crores, with revenue from operations rising 28% to Rs. 559.18 crores.

Half-year standalone net profit grew 172% to Rs. 143.63 crores. Consolidated Q2 net profit reached Rs. 100.87 crores, with revenue up 53% to Rs. 1,126.73 crores. The company also approved a strategic investment in renewable energy, acquiring a 26% stake in Mukkonda Renewables Private Limited for Rs. 12.12 crores.

2) Allied Blenders and Distillers (0.83%) declined despite the company’s consolidated net profit stood jumped 35.21% to Rs 64.31 crore in Q2 FY26 as against Rs 47.56 crore posted in Q2 FY25. Revenue from operations (excluding excise duty) increased by 10.93% year-on-year (YoY) to Rs 962.53 crore in Q2 FY26.

3) One 97 Communications (+3.7%) gained after the company reported a consolidated net profit of Rs 21 crore in Q2 FY26, which is sharply lower as compared with the PAT figure of Rs 930 crore recorded in Q2 FY25. Revenue from operations during the period under review increased by 24% YoY to Rs 2,061 crore.

4) Interglobe Aviation(Indigo) (+1.92%) gained after the company’s consolidated net loss widens to Rs 2,582.1 crore in Q2 FY26, compared with net loss of Rs 986.7 crore in Q2 FY25, including the impact of currency movement pertaining to dollar based future obligations. Revenue from operations increased 9.34% to Rs 18,555.3 crore in Q2 Sept 2025, driven by strong operational execution and efficient capacity deployment.

KEY THEMES FOR THE DAY:

1) Nifty struggles for direction — a tug-of-war between the bulls and bears witnessed as both sides fought to make their mark — reflecting indecision and heightened volatility.

2) Sentiment still fragile at Dalal Street after Tuesday’s drubbing, the battle for directional clarity continues — and Nifty remains caught in a narrow range, wavering without conviction.

Caution is the buzzword!

2) The trading theme still revolves around persistent FIIs selling as this week, FIIs have already sold to the tune of ₹2,951 crore, triggering concerns over sustained pressure on Indian equities.

3) Key Q2 Earnings:

 Thursday (November 5th): LIFE INSURANCE, CHOLAMANDALAM FINANCE, CUMMINS, ABB, APOLLO HOSPITALS, LUPIN, GODREJ PROPERTIES, NHPC, UPL, MCX, NCC, PRICOL.

 Friday (November 6th): BAJAJ AUTO, HINDALCO, DIVIS LAB, TRENT, TORRENT PHARMA, NYKAA, KALYAN JEWELLERS, PETRONET LNG, NEULAND LAB.

Top Index Gainers:
ASIAN PAINTS (+5.37%)
INDIGO (+1.83%)
RELIANVCE (+1.82%)
M&M (+1.68%)
ADANI PORTS (+1.43%)

Top Index Losers:
HINDALCO (-6.21%)
GRASIM (-4.57%)
POWERGRID (-2.38%)
ADANI ENTERPRISES (-1.33%)
MAXHEALTH (-1.2%)

POWERGRID (-2.69%)
TATA CONSUMER (-2.6%)
ETERNAL (-1.57%)
BAJAJ AUTO (-1.16%)
HCL TECH (-1.08%)

10:10 AM GLOBAL UPDATE:

Dow Futures: (+45, 47356)
Nasdaq 100 Futures (+11, 25631)

Nikkei (+777, 50989)
Hang Seng (+426, 26361)

Dollar Index (+0.03%, 99.91)
WTI OIL (+0.27%, 59.74)
Gold (+4, 3985)

Securities in Ban for Trade Date: Thursday, November 6th 2025*

NIL

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.


A bullish start on cards as Nifty bulls will aim to recoup most of the Tuesday’s drubbing

The Big question: Can Nifty comfortably close above 26000 mark.

Technically speaking, it’s unlikely as Nifty may witnesses and face hurdles at 25903 mark.

That said, keeping downside limited will be 4-positive catalysts:

1) Hopes of favourable outcome from the U.S.–India trade negotiations
2) In the US, the Supreme Court seemed to express doubt about the arguments underpinning President Donald Trump’s sweeping tariffs.
3) Improving leads from Wall Street.
4) The artificial intelligence (AI) revolution appears to stay for long.

Bottom-line: A consolidation day ahead with stock specific activity commanding investors’ attention.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+87, 25740)
Dow Futures: (+22, 47331)
Nasdaq 100 Futures (+11, 25631)

Nikkei (+655, 50863)
Hang Seng (+408, 26344)

Dollar Index (+0.03%, 99.91)
WTI OIL (+0.27%, 59.74)
Gold (+4, 3985)

Securities in Ban for Trade Date: Thursday, November 6th 2025*

NIL

The earnings calendar promises to be eventful. Key Earnings on radar this week:

 Thursday (November 5th): LIFE INSURANCE, CHOLAMANDALAM FINANCE, CUMMINS, ABB, APOLLO HOSPITALS, LUPIN, GODREJ PROPERTIES, NHPC, UPL, MCX, NCC, PRICOL.

 Friday (November 6th): BAJAJ AUTO, HINDALCO, DIVIS LAB, TRENT, TORRENT PHARMA, NYKAA, KALYAN JEWELLERS, PETRONET LNG, NEULAND LAB.

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.


INDEX Derivatives
Previous FUTURE Closing to SPOT

NIFTY on 04.11.25 @ +102

NIFTY on 03.10.25 @ +141

NIFTY PCR

NIFTY – 1.11

BANKNIFTY PCR

BANKNIFTY – 0.83

MAX CE OI

NIFTY – 26000, 27000

BNF – 58000

SHORT Buildup

NIFTY – 25100-26300

MAX PE OI

NIFTY – 25000, 26000

BNF – 58000

SHORT Covering

25850-26600

STOCK Derivatives:

Long Buildup: # DELHIVERY # DABUR # POWERINDIA

Long Unwinding: # SAMMAAANCAP # COALINDIA # BSE # SOLARINDS

Short Buildup : # ETERNAL # POWERGRID # HEROMOTOCORP # CDSL

Short Covering : # INDUSTOWER # TITAN # BOSCHLTD

Stocks banned in F&O Segment: NIL

New in Ban: NIL

Out of Ban: NIL

November 4th 2025 FII/DII:

FII : -1067.01 crores.

DII: +₹ 1202.90 crores

BSE Derivatives Data

SENSEX Futures on 03.11.25 @ +507
SENSEX Futures on 03.11.25 @ +599

SENSEX PCR
0.84

BANKEX PCR
1.11

MAX CE OI

SENSEX – 85000

BANKEX – 65500

MAX PE OI

SENSEX – 84000

BANKEX – 65000

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.


🇮🇳 India : S&P Global Services PMI (Oct), Manufacturing & Services PMI (Oct)

🇩🇪 Germany : German Industrial Production (MoM) (Sep), German Industrial Production (YoY) (Sep), HCOB Germany Construction PMI (Oct)

🇪🇺 Euro : HCOB Eurozone Construction PMI (MoM) (Oct), Retail Sales (MoM) (Sep), Retail Sales (YoY) (Sep), Consumer Confidence (Nov)

🇬🇧 Great Britain : S&P Global Construction PMI (Oct), BoE MPC vote cut (Nov), BoE MPC vote hike (Nov), BoE MPC vote unchanged (Nov), BoE Interest Rate Decision (Nov), BoE MPC Meeting Minutes

🇺🇸 USA : Challenger Job Cuts (Oct), Natural Gas Storage, 4-Week Bill Auction, 8-Week Bill Auction, Atlanta Fed GDPNow (Q4)


TOP SECTORS:

Bullish Sector: PHARMA, BANKS, METAL, INFRA

Bearish Sector: MEDIA

STOCKS TO WATCH:

BULLISH STOCKS (Long Build-up+ Short Covering): APOLLO HOSPITAL, BRITANNIA, M&M, EICHER MOTORS, PRICOL, DELHIVERY, BHEL, HBL ENGINEERING, LAURUS LAB, L&T FINANCIAL (LTF), CANARA BANK, TD POWER SYSTEMS.

BEARISH STOCKS (Long Unwinding + Short Buildup): NTPC, MARUTI, ADANI ENTERPRISES, HAL, DMART, CAMS

Our chart of the day is bullish on APOLLO HOSPITAL, BRITANNIA, and LAURUS LAB on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 stock to BUY right now:

Buy M&M (CMP 3581): Buy at CMP. Stop at 3421. Targets 3611/3721. Aggressive targets at 4000. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3451. Major hurdles only at 3721 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3116.

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 🇮🇳: (+84, 25737)

Market Recap: In Tuesday’s trade, the benchmark Nifty tumbled sharply, snapping its recent winning streak.

The negative takeaway? — there was no place to hide for the bulls as broad-based selling swept across sectors.

The Road Ahead: However, this Thursday morning, there’s a bright chance of a rebound, with Nifty and key stocks likely to stage a recovery from Tuesday’s drubbing.

The Positive Catalysts:

1️⃣ Wall Street stabilises, easing some of the global pressure.
2️⃣ Hopes of a favourable outcome from the ongoing U.S.–India trade negotiations.

Union Commerce Minister Piyush Goyal on Wednesday said that talks on the proposed India–U.S. Bilateral Trade Agreement (BTA) are progressing smoothly, though he cautioned that “many sensitive and serious issues” remain unresolved.

The Headwind:

⚠ The Fed’s ambiguous stance on a potential December rate cut continues to cloud investor sentiment.
Federal Reserve officials have refrained from providing a clear timeline for policy easing, keeping traders cautious.

Bottom Line: Market sentiment remains fragile, and the battle for directional clarity is likely to continue.

Expect Nifty to remain range-bound, wavering without firm conviction.

Technically Speaking:

Strength will be confirmed only above 26,107 levels.

For Thursday’s session, 26,903 will act as a major hurdle.

STOCKS IN SPOTLIGHT:

1) Britannia Industries reported a strong second quarter for FY26, with net profit rising 34% year-on-year to ₹689.95 crore in the quarter ended September, compared to ₹514.41 crore in the same period last year.

2) Delhivery’s revenue from operations rose almost 17% YoY to Rs 2,559.3 crore in Q2, up from Rs 2,189.7 crore a year ago. The firm however posted a loss of Rs 50.5 crore in the second quarter (Q2) of financial year 2025-26 (FY26).

Q2 corporate earnings to watch:

Thursday (November 5th): LIFE INSURANCE, CHOLAMANDALAM FINANCE, CUMMINS, ABB, APOLLO HOSPITALS, LUPIN, GODREJ PROPERTIES, NHPC, UPL, MCX, NCC, PRICOL.

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

Nifty (25598): Buy at CMP. Stop 25371. Targets 25750/25903. Aggressive targets at 26107-26300 zone.

Bank Nifty (57827): Buy at CMP. Stop at 56151. Targets 58000/58600. Aggressive targets at 58900-59100 zone.

Our chart of the day is bullish on APOLLO HOSPITAL, BRITANNIA, and LAURUS LAB on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy M&M (CMP 3581): Buy at CMP. Stop at 3421. Targets 3611/3721. Aggressive targets at 4000. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3451. Major hurdles only at 3721 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3116.

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.