GIFT Nifty 🇮🇳: (+89, 26167)
Market Recap:
Nifty slipped in Friday’s trade, pressured by weak global cues and renewed worries over stretched valuations in the AI and tech space.
Nifty’s jittery close in Friday’s trade indicates how fragile Nifty’s strength is…
The 2-Big Questions:
1) Has the recent rally run out of steam?
2) Can Nifty recover after Friday’s sharp sell-off?
The Road Ahead:
this Monday morning, Gift Nifty is indicating a solid rebound and that brings us to our call of the day which suggests the rally, the rebound could be bit ephemeral…could be bit short lived.
The 3-Biggest Headwinds:
1) Concerns over stretched AI valuations remain.
2) Rapidly fading expectations of a December U.S. Fed rate cut.
3) FIIs turning sellers in the November 2025 to the tune of ₹13,841 crores.
The Biggest Positive Catalysts:
1) AI rally reignites Wall Street after Nvidia’s earnings and guidance smashed expectations.
2) In Friday’s trade, Dow Jones index flared up 493 Points in Fed-Fueled Bounce.
3) Optimism surrounding a potential US–India trade agreement.
4) 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.
5) New York Fed President John Williams temporarily eased rate-cut worries as he sees “room for a further adjustment in the near term” to bring interest rates closer to neutral.
6) Crude Oil Prices in a Freefall: Futures have tumbled toward $57.45 per barrel, after OPEC signalled a comfortable supply environment — a major macro tailwind for India.
Technically Speaking:
Technically speaking, Nifty is signalling a massive breakout on the upside — the benchmark should hit its all-time-high (26277.35) sooner than later.
The Gyan Mantra is to stay optimistic as long as Nifty holds above the 25,741-support zone — dips remain buying opportunities in the near term.
Nifty is still above its 21 DMA (25846), 50 DMA (25452) and its 100 DMA (25192). Nifty’s 200 DMA at 24515 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) Nifty Smallcap index hits over 7-week low in trade, its lowest level since September 30, 2025.
2) Total 25 stocks including Symphony, Aurionpro Solutions, CMS Info Systems, United Foodbrands, Praj Industries, Ramkrishna Forgings, Route Mobile and Five-Star Business Finance have hit their respective 52-week lows on the BSE.
3) Kotak Mahindra Bank board approves 5-for-1 stock split: Kotak Mahindra Bank said it seeks to make its shares more affordable and boost participation from retail investors.
4) HAL shares could see short-term volatility this week after Tejas fighter jet manufactured by Hindustan Aeronautics (HAL) crashed during a Dubai Air Show on Friday, November 21st.
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (26068): Buy between 25950-26000 zone. Stop 25721. Targets 26277/26507. Aggressive targets at 26900-27100 zone.
Bank Nifty (58868): Buy between 58100-58300 zone. Stop at 56971. Targets 59300/59750. Aggressive targets at 60300-60500 zone.
Our chart of the day is bullish on HDFC BANK, TATA CONSUMER, SBI LIFE, and LARSEN on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy LARSEN (CMP 4025): Buy at CMP. Stop at 288. Targets 318/326. Aggressive targets at 339. (Interweek Strategy). Rationale: Rebound Play. Signaling a massive rebound on the upside. Key interweek support 301. Major hurdles only at 339 mark. Momentum oscillators are on the buy side. 200-DMA at 283.
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