Nifty bulls’ triumph as sentiment turns positive after morning dubbing— bulls back in control!
Nifty (+121, 25695)
Sensex (+40, 83871)
Bank Nifty (+201, 58138)
Dalal Street witnessed a spirited comeback, with bullish momentum regaining traction.
After days of indecision, the bulls finally took charge, and most importantly, the tone on the Street stayed optimistic as traders were inspired by:
1) US–India Trade Deal: Signs of Progress Emerge. Optimism on a potential trade breakthrough between the US and India resurfaced on Monday, after President Donald Trump hinted that both nations are moving closer to finalizing a new trade agreement
2) Traders Eye End to US Shutdown:
Hopes are rising that Washington may soon resolve the ongoing government shutdown, lifting global risk sentiment.
3) Fed Rate Cut Expectations:
Market optimism builds as investors continue to price in an imminent rate cut from the US Federal Reserve — a move that could boost global liquidity and support equities.
4) Firm Global Cues:
Overnight gains on Wall Street and strength across major Asian indices signal a risk-on mood returning to global markets.
5) Decline in Crude Oil Prices:
A further dip in crude prices eases inflationary concerns and offers relief to India’s macro outlook — a key positive for domestic equities.
Technically speaking, confirmation of strength now only above 26107 mark. The gyan mantra is to stay bullish as long as Nifty 25318 support is held.
Adv-Dec 40—10
INDIA VIX 12.49 (+1.54%)
NIFTY PCR (18th NOV) 1.04
NIFTY PCR (25th NOV) 0.98
USD/INR Futures (NOV) (-0.16%, 88.65)
SECTOR GAINERS:
NIFTY IT (+1.20%)
NIFTY AUTO (+1.07%)
NIFTY METALS (+0.71%)
SECTORS LOSERS
NIFTY PSUBANKS (-0.39%)
NIFTY REALTY (-0.16%)
NIFTY MEDIA (-0.07%)
TODAY’S MARKET RE-CAP:
1) Nifty (+0.47%) opened on a cautious note but bulls regrouped at lower levels and the positive takeaway is that Nifty gained for 2-straight day.
Nifty is still above its 21 DMA (25661), 50 DMA (25244) and its 100 DMA (25125). Nifty’s 200 DMA at 24399 mark.
Please note, confirmation of strength now only above 26107 mark.
2) Bank Nifty (+0.35%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most impoartnly, Bnak Nifty ended in green for the 3rd straight day. Bank Nifty’s new all-time-high still seen at 58577.50 mark.
3) The market breadth (40:10) was in favour of the bulls.
4) Nifty Mid-cap (+0.95%) gained while Nifty Small-cap (-0.24%) inded ended with minor cut.
STOCKS IN SPOTLIGHT:
1) Vodafone Idea surged 7.47% after the telecom major reported a narrower consolidated net loss of ₹5,524 crore in Q2 FY26, compared to a loss of ₹7,175.90 crore in the same quarter last year. Revenue from operations rose 2.3% year-on-year to ₹11,169.60 crore from ₹10,918.20 crore, signaling gradual improvement in the company’s performance.
2) Sula Vineyards slipped 1.99% after its consolidated net profit plunged 58.43% to ₹6.02 crore in Q2 FY26, as against ₹14.48 crore in Q2 FY25. Revenue from operations edged down 1.1% to ₹139.66 crore from ₹141.21 crore in the corresponding quarter of the previous year.
BULLS OF THE DAY:
INDIGO (+3.55%)
BEL (+2.39%)
M&M (+2.22%)
ADANIPORTS (+2.02%)
HCLTECH (+2.01%)
BEARS OF THE DAY:
BAJFINANCE (-7.00%)
BAJAJFINSV (-5.92%)
ONGC (-0.60%)
TMPV (-0.57%)
KOTAKBANK (-0.22%)
OUR VIEW FOR WEDNESDAY’S TRADE
After today’s rebound, hopes are high that running of bulls likely to continue.
Key hurdle to watch is at 25807 mark.
All eyes on Wednesday’s CPI Inflation numbers releasing in India.
ALL ABOUT NIFTY:
Nifty (CMP: 25695)
Support: 25500/25351
Resistance: 25807/26000
Range: 25567-25788
21 DMA: 25660
50 DMA: 25243
200 DMA: 24399
Trend: Positive
BULLISH LOOKING STOCKS:
HINDALCO
PERSISTENT
MCX
BULLISH LOOKING STOCKS (LONG TERM):
BEL
HBL ENGINEERING
DEEP INDUSTRIES
BEARISH LOOKING STOCKS:
BAJAJFINSV
BAJFINANCE
VOLTAS
STOCKS TO AVOID:
LICI
ABCAPITAL
RECLTD
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