GIFT Nifty 🇮🇳: (+107, 26151)
Before we start, first things first;
The 2-Good News:
1) Oil falls to $57.2/barrel after reports of a revised Ukraine-Russia peace deal.
2 The biggest positive takeaway from yesterday’s trading was that FIIs turned net buyers to the tune of ₹785.30 crores.
Hopefully, Nifty joins the conga-line of rising global stock markets and shrugs-off the last 3-days of drubbing.
Please note, sometimes, excessive pessimism itself fuels a bullish comeback.
The 6-Big Positive Catalysts:
1) Wall Street continues to march higher from strength to strength.
2) Renewed hope for another rate cut in December by the Federal Reserve. U.S. Treasury Secretary Scott Bessent has confirmed that the recent 43-day federal shutdown inflicted an estimated $11 billion economic loss. Despite the setback, he believes the U.S. economy remains resilient and is unlikely to enter a recession. (source: reuters)
3) Refreshed faith in the AI trade.
4) Optimism surrounding a potential US–India trade agreement.
5) India’s retail inflation sliding to a record 0.25% in October, well below the RBI’s tolerance band — strengthening hopes for a December rate cut.
6) Crude Oil Prices in a Freefall: Oil fell to $57.2/barrel, a five-week low, after reports of a revised Ukraine-Russia peace deal. Zelenskiy said talks with the US continue, while Russia’s stance remains unclear.
Technically Speaking:
Nifty’s upside breakout on the medium term charts remain on the table — however, a meaningful confirmation now requires a close above the 26,100 level.
For bullish traders, the Gyan Mantra is simple: Stay Cautious. The most critical support zone to monitor is placed at 25,671.
The Good News is that Nifty is still above its 21 DMA (25853), 50 DMA (25489) and its 100 DMA (25200). Nifty’s 200 DMA at 24539 mark.
Upcoming economic data:
India’s GDP growth data for the quarter ending 30 September 2025 is due on Friday, November 28th
STOCKS IN SPOTLIGHT:
1) SBI hits a 52-week high of ₹988.95 on news that the GOI may raise FDI limit from 20% to 49%. (Businessline)
2) Shriram Finance touches a 52-week high of ₹841.85 following its recent solid Q2FY26: disbursements up 10.2% Y-o-Y to ₹49,019 crore; AUM up 15.7% Y-o-Y to ₹2.8 trillion. (Businessstandard)
3) Trent slides toward a 52-week low of ₹4,235.80 after Q2 FY25 earnings showed moderating revenue growth, prompting a cautious outlook.
4) Bharti Airtel: Price action indicates a potential major breakout from a possible ‘Flag Pattern’ setup on the daily chart.
5) HDFC AMC 1:1 Bonus Issue — Record Date: November 26, 2025. (source: bseindia)
6) PFC Interim Dividend — ₹3.65 per share; Record Date: November 26, 2025. (source: bseindia)
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25885): Buy between 25750-25800 zone. Stop 25421. Targets 26000/26147. Aggressive targets at 26277-26500 zone.
Bank Nifty (58820): Buy between 58500-58700 zone. Stop at 56971. Targets 59300/59550. Aggressive targets at 59900-60100 zone.
Our chart of the day is bullish on MFSL, BHARTI AIRTEL and SBI on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy Max Financial Services (MFSL: CMP 1698): Buy at CMP. Stop at 1623. Targets 1731/1811. Aggressive targets at 1883. (Interweek Strategy). Rationale: Momentum Play. Signaling a massive breakout on the upside. Key interweek support 1641. Major hurdles only at 1731 mark. Momentum buying is likely only above 1731 mark. 200-DMA at 1883.
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