Nifty (-17, 25492)
Sensex (-95, 83216)
Bank Nifty (+323, 57877)
Nifty quits 25500 mark. It also ends the in red for 2nd consecutive week. BankNifty however, outperforms.
It was a lackustre day for the benchmarks despite the fact that Nifty was able to recoup most of its intraday losses.
Bottom-line: Not the way the bulls wanted to end the week
Technically speaking, Nifty needs to clear 25800 mark which becomes a crucial resistance on closing basis.
Adv-Dec 29—21
INDIA VIX 12.55 (+1.13%)
NIFTY PCR (11th NOV) 0.89
NIFTY PCR (25th NOV) 0.97
USD/INR Futures (NOV) (+0.03%, 88.73)
SECTOR GAINERS:
NIFTY METAL (+1.41%)
NIFTY FINANCIAL (+1.22%)
NIFTY PSUBANKS (+0.87%)
SECTORS LOSERS
NIFTY CONSUMER DURABLES (-0.72%)
NIFTY IT (-0.62%)
NIFTY FMCG (-0.49%)
TODAY’S MARKET RE-CAP:
1) Nifty (-0.07%) tumbled at the start of today’s session but managed to recoup most of the losses.
Now, Nifty is below its 21 DMA (25611), but still above its 50 DMA (25202) and its 100 DMA (25110). Nifty’s 200 DMA at 24375 mark.
2) Bank Nifty (+0.56%) totally outperformed the benchmarks today as it managed to end the week on a positive note as well.
4) The market breadth (29:21) was in favour of the bulls.
4) Nifty Mid-cap 50 (+0.59%) and Nifty Small-cap (-0.16%) indices were a mixed bag.
STOCKS IN SPOTLIGHT:
1) Arvind Ltd on Friday reported a 70% year-on-year rise in consolidated net profit to ₹106.74 crore for the second quarter of the financial year 2025–26 (Q2FY26), driven by higher revenue and the absence of a deferred tax expense recorded in the previous year.
2) Singapore Telecommunications (Singtel) said on Friday it had sold a 0.8 per cent stake worth S$1.5 billion ($1.16 billion) in India’s Bharti Airtel, as part of the Southeast Asian telecom company’s ongoing asset restructuring strategy.
BULLS OF THE DAY:
SHRIRAMFIN (+3.81%)
BAJFINANCE (+2.66%)
ADANIENT (+2.61%)
TATASTEEL (+2.39%)
BAJFINANCE (+2.27%)
BEARS OF THE DAY:
BHARTIARTL (-4.46%)
TATACONSUM (-1.97%)
TECHM (-1.87%)
APOLLOHOSP (-1.80%)
INDIGO (-1.55%)
OUR VIEW FOR MONDAY’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: 25492)
Support: 25351/25188
Resistance: 25800/25952
Range: 25379-256644
21 DMA: 25611
50 DMA: 25202
200 DMA: 24375
Trend: Negative
BULLISH LOOKING STOCKS:
IDFCFIRSTB
HINDALCO
NATIONALUM
BULLISH LOOKING STOCKS (LONG TERM):
BEL
CHOLAFIN
DEEP INDUSTRIES
BEARISH LOOKING STOCKS:
AMBER
DIVISLABS
MANKIND
STOCKS TO AVOID:
PFC
BPCL
POWERGRID
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