Nifty’s intraday gains evaporate as the benchmark succumbs to selling pressure on the November F&O expiry day.
Volatility is likely to remain elevated as long as Nifty stays below the 26,000 mark.
NIFTY (-75, 25885)
Sensex (-314, 84587)
Bank Nifty (-15, 58820)
Nifty ends lower for the 3rd straight day amidst massive profit booking.
The Biggest Headwinds:
FIIs sellers in the November 2025 to the tune of ₹18,012.80 crores.
Technically speaking, Nifty’s massive breakout on the upside still possible — but confirmation of strength now only above 26109 mark.
The Gyan Mantra for bullish traders is to stay on the cautious mode as the downside risk still remains at Nifty’s biggest at 25671 mark.
Adv-Dec 19—30
INDIA VIX 12.24 (-7.55%)
NIFTY PCR (02nd DEC) 0.73
NIFTY PCR (30th DEC) 1.26
USD/INR Futures (NOV) (+0.04%, 89.19)
SECTOR GAINERS:
NIFTY REALTY (+1.62%)
NIFTY PSUBANKS (+1.44%)
NIFTY METAL (+0.55%)
SECTORS LOSERS
NIFTY MEDIA (-0.80%)
NIFTY CONSUMER DURABLES (-0.57%)
NIFTY IT (-0.57%)
TODAY’S MARKET RE-CAP:
1) Nifty (-0.29%) slipped amidst profit booking as the benchmark ended in red for the 3rd straight day. Overbought conditions too blamed.
Nifty is still above its 21 DMA (25853), 50 DMA (25489) and its 100 DMA (25200). Nifty’s 200 DMA at 24539 mark.
2) Bank Nifty (-0.03%) inched lower from its overbought technical conditions as profit booking continued to be the preferred theme.
Bank Nifty’s all-time-high continue to be at 59440.10 mark.
3) The market breadth (20:29) was in favour of the Bears.
4) Nifty Mid-cap (+0.69%) and Nifty Small-cap (+0.21%) were seen in consolidative mode.
STOCKS IN SPOTLIGHT:
1) Muthoot Microfin surged 2.31% after the company announced that its board will meet on 27 November 2025 to consider raising funds through non-convertible debentures (NCDs) via private placement.
2) Ceigall India (-0.08%) traded sideways despite the company secured a Letter of Intent (LoI) for setting up a 400/220 kV Velgaon GIS substation.
3) Max India advanced 1.7% after its subsidiary, Antara Assisted Care Services, launched a new 80-bed senior care facility in Whitefield, Bengaluru. With this addition, Antara now operates 163 beds in Karnataka and 500 beds nationwide.
4) In contrast, Yatra Online (-0.48%) traded with negative bias following the resignation of CEO Dhruv Shringi citing personal reasons. The company has appointed Siddhartha Gupta as the new CEO, effective the same date.
BULLS OF THE DAY:
BEL (+1.58%)
HINDALCO (+1.44%)
SBIN (+1.33%)
SHRIRAMFIN (+1.26%)
DRREDDY (+0.80%)
BEARS OF THE DAY:
ADANIENT (-2.91%)
TMPV (-1.59%)
TRENT (-1.49%)
INFY (-1.15%)
POWERGRID (-1.14%)
OUR VIEW FOR WEDNESDAY’S TRADE
Technically speaking, Nifty is now way below 26000 mark. Hence, confirmation of strength only above 26100.
Bottom-line: Next key support to watch is at 25740.
ALL ABOUT NIFTY:
Nifty (CMP: 25885)
Support: 25740/25601
Resistance: 26100/26300
Range: 25750-26965
21 DMA: 25854
50 DMA: 25490
200 DMA: 24539
Trend: Neutral
BULLISH LOOKING STOCKS:
IDFCFIRSTB
FEDERALBNK
HUDCO
BULLISH LOOKING STOCKS (LONG TERM):
SYRMA TECHNOLOGIES
HBL ENGINEERING
GRSE
BEARISH LOOKING STOCKS:
ADANIENT
INDIGO
TRENT
STOCKS TO AVOID:
INDHOTEL
MAZDOCK
SRF
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