FIIs sell in today’s profit-booking day

FII Cash: -1,255.2 Cr.
DII Cash: +3,940.9 Cr.

FII Idx Fut: +746.6 Cr.
FII Idx Opt: +9,264.2 Cr.
FII Stk Fut: -2,614.0 Cr.
FII Stk Opt: -710.4 Cr.

FII Week Till Date
FII Cash: -2,646.8 Cr.
DII Cash: +18,614.2 Cr.

FII/DII Month till Date
FII Cash: -13,704.2 Cr.
DII Cash: +72,935.6 Cr.

FY-26 Till Date
FII Cash: -1,28,673.3 Cr.
DII Cash: +5,09,275.6 Cr.

Gift Nifty at 20:37 (26426, +21)


It was a banner day for Nifty, Sensex and Bank Nifty.

A new record high for benchmark Nifty — officially ended a 14-month consolidation and most importantly, potentially triggering the next leg of Nifty’s rally.

Benchmark Indices

NIFTY (+10, 26216)
SENSEX (+111, 85720)
BANK NIFTY (+209, 59737)

The Intraday Rally Faded After Record Highs — Profit-Booking Takes Charge.

Well, Nifty’s intraday surge cooled off as traders booked profits at higher levels, halting the momentum after fresh lifetime peaks earlier in the session.

The benchmark indices surrendered early gains and drifted into mild negative territory during the afternoon session. However, Nifty managed to claw back and finish just above the dotted line, signalling a cautious but resilient market tone.

New Records Touched Earlier:
• Nifty: 26,306.95
• Sensex: 86,026.18
• Bank Nifty: 59,804.65

Top Nifty 50 Gainers:

BAJFINANCE (+2.43%)
ICICIBANK (+1.37%)
SHRIRAMFIN (+1.33%)
HUL (+1.23%)
BAJAJFINSV (+0.95%)

Top Nifty 50 Losers:

ADANIENT (-2.85%)
EICHERMOT (-2.70%)
ETERNAL (-1.52%)
MARUTI (-1.51%)
ONGC (-1.51%)

Stocks scaling fresh 52-week high:

ASHOKLEY (CMP 158.80) 52-week high at ₹162
AXISBANK (CMP 1286) 52-week high at ₹ 1304
BHEL (CMP 290.50) 52-week high at ₹ 295.25
HEROMOTOCORP (CMP 6165) 52-week high at ₹ 6200
MCX (CMP 10431) 52-week high at ₹10471.50
(NSE INDIA)

Sector Snapshot:
Media, Bank Nifty and IT outperformed, while Realty, Oil & Gas and Consumer Durables witnessed selling pressure.

🚀 Top Sectors Gainers
NIFTY MEDIA (+0.84%)
NIFTY FINANCIAL SERVICES (+0.46%)
NIFTY PVT BANKS (+0.34%)

📉 Top Sectors Losers
NIFTY MEDIA (+0.84%)
NIFTY FINANCIAL SERVICES (+0.46%)
NIFTY PVT BANKS (+0.34%)

NIFTY PCR (02nd DEC) 1.15

NIFTY PCR (30th DEC) 1.23

USD/INR Futures (NOV) (+0.04%, 89.45)

(Source NSEINDIA)

🚗 Auto Stocks Fire Up — Nifty Auto Index too Hits Record High!
Auto stocks continued their winning streak as the Nifty Auto index scaled a new all-time high of 27,832.60, driven by expectations of strong November wholesale figures. The index surpassed its previous peak of 27,725.25 (Sept 23, 2025).
🔥 Top Movers:
• Escorts (+4.49%, ₹3852) and Ashok Leyland (+6.67%, ₹158.88) surged fueled by optimism in the commercial vehicle (CV) segment. (Source: economictimes)
📈 Sector Outperformance:
• Nifty Auto is up 3% in November, outshining the Nifty 50 (+1.9%).
• Over the last four months, the auto index has jumped 17%, compared with a 6% rise in the broader benchmark.

The Positive Catalysts:

1) Fed rate cut hopes rise: Well, lower U.S. interest rates typically boost the appeal of emerging markets like India, making them more attractive destinations for foreign capital. (Moneycontrol)

2) The Nifty Bank index scaled fresh record high @59866.60, and most importantly, races towards psychological 60,000 mark amidst:

A) Sliding, India’s retail inflation
B) Hopes of a rate cut by RBI.
(CNBC TV18)

4) Crude Oil Prices in a Freefall: Oil fell to $58.20/barrel, a five-week low, after reports of a revised Ukraine-Russia peace deal. (tradingeconomics)

Stocks scaling fresh 52-week high:

1) Ashok Leyland Hits Fresh 52-Week High!
Ashok Leyland surged 6.5% to ₹158.60, marking a new 52-week high after announcing a strategic merger between its material subsidiary Hinduja Leyland Finance (HLFL) and NDL Ventures (formerly NXTDIGITAL).
The deal — set for April 2026, subject to approvals — includes a 25:10 share exchange ratio and forms part of a broader corporate restructuring strategy.

2) Mahindra Finance Hits Fresh 52-Week High after management’s recent statement that indicated that the second half of the financial year 2025-26 (H2FY26F) will witness a sustainable revival in demand and asset quality.
(NSE INDIA)

OUR VIEW FOR FRIDAY’S TRADE

Technically speaking, Nifty’ new all-time high at 26310 itself has become a key hurdle, especially after the profit-booking that followed.

All eyes on India’s Friday’s GDP Growth Estimates for quarter ended September 30th, 2025

ALL ABOUT NIFTY:
Nifty (CMP: 26216)
Support: 25850/25700
Resistance: 26351/26500
Range: 25870-26333
21 DMA: 25879
50 DMA: 25534
200 DMA: 24566
Trend: Positive

BULLISH LOOKING STOCKS:

ASHOKLEY

CUMMINS

L&T

BULLISH LOOKING STOCKS (LONG TERM):

MAX FINANCIAL

TECHM

GRSE

BEARISH LOOKING STOCKS:

ADANIENT

EICHER

TIINDIA

STOCKS TO AVOID:

OIL

MAZDOCK

SRF

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


OPTION TRADE

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

OPTION TRADE PROFIT: NIL

INTRADAY TRADE:

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

INTRADAY TRADE PROFIT: NIL

JACKPOT TRADE

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

JACKPOT TRADE PROFIT: NIL

INDEX TRADE

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

INDEX TRADE PROFIT: NIL

FORMULA ONE (F1)

Open Buy: NIL

Open Sell: NIL

Closed Calls: GLENMARK (+5000)

FORMULA ONE (F1) PROFIT: +5000

SWING TRADE:

Open Buy: POLICYBZR, BELRISE, HDFCBANK, PNB, SKY GOLD, RATNAMANI, GE VERNOVA, EUREKA, CARYSIL, WAAREE, STEELCAST, INDUSTOWER, CENTUM, CHEMCON, JUPITER WAGONS, TEJAS NETWORKS, VARUN BEVERAGES, BANKBARODA, CIPLA, IOC, CHAMBALFERT, TRANS RAIL, NAUKRI, RITES, SBI CARD,

Open Sell: NIL

Closed Calls: NIL

SWING TRADE PROFIT: NIL

PURE INVESTMENT CALL (BINOCULAR):

Open Buy: SNOWMAN, GMRINFRA, EXICOM, GAIL, YATRA, ADANI POWER, EVEREST INDUSTRIES, ZOMATO, NILKAMAL

Closed Calls: NIL

PURE INVESTMENT CALL (BINOCULAR) PROFIT: NIL

TOTAL PROFIT/LOSS FOR THE DAY:

OPTION TRADE: (NIL)

JACKPOT TRADE: (NIL)

INTRADAY TRADE: (NIL)

INDEX TRADE: (NIL)

BTST/STBT: (NIL)

Formula One: (+5000)

SWING TRADE: (NIL)

PURE INVESTMENT CALL (BINOCULAR): (NIL)


Nifty hits a fresh all-time high of 26,295.55, riding strong global momentum.

Meanwhile, the BSE Sensex is still short of its all-time high of 85,978.25 — but sentiment suggests it may not be far behind.

Nifty (+41, 26246)
Sensex (+165, 85775)
Bank Nifty (+140, 59668)

NIFTY (CMP 26246):

SUPPORT: 26171/26001
RESISTANCE: 26351/26750
RANGE: 26150-26350
BIAS: Positive

SECTOR GAINER:

NIFTY DEFENCE (+0.43%)
NIFTY MEDIA (+0.31%
NIFTY METALS (+0.18%)

SECTOR LOSER:

NIFTY OIL&GAS (-0.48%)
NIFTY PSU BANKS (-0.42%)
NIFTY CONSUMER DURABLES (-0.43%)

STOCKS IN SPOTLIGHT:

1) Asian Paints gained 0.45% after its step-down subsidiary, Berger Paints Emirates (L.L.C), announced plans to set up a second manufacturing facility in the UAE with an investment of AED 140 million (~₹340 crore) and an initial capacity of 55,800 KL per annum. (CAPITALMARKET)

2) Havells India inched up 0.03% as its board approved acquiring a 26% stake in Kundan Solar (Pali)—an SPV focused on developing and operating solar power projects.

KEY THEMES FOR THE DAY:

In the broader markets, the Nifty MidCap index advanced 0.16%, and the Nifty SmallCap index inched up 0.07%. (NSEINDIA)

Among sectors, the Nifty Metal index was the leading gainer on the NSE, rising 0.%. The Nifty Auto index was the second top gainer, up 0.35%. (NSEINDIA)

Investors are positioning ahead of the RBI’s final policy meeting of the year (Dec 3–5), where a 25 bps repo rate cut is widely anticipated.

The growing expectation comes on the back of consistent downside surprises in headline CPI inflation, strengthening the case for monetary easing.

FII Activity:

FPIs turned strong buyers on Wednesday, investing ₹4,778.03 crore. However, the broader trend remains cautious — FIIs have still net sold ₹12,449.39 crore so far in November.

For context:

• October: ₹2,346.89 crore sold
• September: ₹35,301.36 crore sold

(NSEINDIA)

Top Index Gainers:
BAJAJ FINANCE (+2.26%)
SHRIRAM FINANCE (+1.2%)
BAJAJ FINSERV (+1.19%)
ASIAN PAINTS (+1.13%)
LARSEN (+1.08%)

Top Index Losers:
ETERNAL (-1.21%)
HDFC LIFE (-1.2%)
EIECHER MOTORS (-0.97%%)
ONGC (-0.81%)
SBILIFE (-0.65%)

# 10:00 AM GLOBAL UPDATE:

Dow Futures: (+61, 47488)
Nasdaq 100 Futures (+43, 25280)

Nikkei (+545, 50103)
Hang Seng (+87, 26015)

Dollar Index (-0.12%, 99.43)
WTI OIL (-0.45%, 58.38)
Gold (-11, 4151)

Securities in Ban for Trade Date: Thursday, November 27th 2025*
NIL

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


Nifty set for a positive open driven two-big catalysts:

1) Rising expectations of a Federal Reserve rate cut.
2) Strong global cues.

Meanwhile, IMF data shows that India to reach $5 trillion economy a year later than earlier expected. IMF’s latest projections show weaker dollar-denominated growth pushing India’s $5 trillion milestone to FY29.

Long story short: It’s likely to be a banner day for Nifty, Sensex and Bank Nifty. We believe Nifty should comfortably cross its all-time-high at 26277.35 mark.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+42, 26432)
Dow Futures: (+61, 47488)
Nasdaq 100 Futures (+43, 25280)

Nikkei (+628, 50187)
Hang Seng (+67, 25995)

Dollar Index (-0.12%, 99.43)
WTI OIL (-0.45%, 58.38)
Gold (-11, 4151)

Securities in Ban for Trade Date: Thursday, November 27th 2025*
NIL

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


INDEX Derivatives
Previous FUTURE Closing to SPOT

NIFTY on 26.11.25 @ +185

NIFTY on 25.11.25 @ +164

NIFTY PCR

NIFTY – 1.26

BANKNIFTY PCR

BANKNIFTY – 1.15

MAX CE OI

NIFTY – 26000, 27000

BNF – 58500

SHORT Covering

NIFTY – 25500-26250

MAX PE OI

NIFTY – 25000, 26000

BNF – 58500

SHORT Buildup

25950-26500

STOCK Derivatives:

Long Buildup: # SAMMAANCAP # SAIL # HUDCO # GAIL # MCX

Long Unwinding: # NYKAA

Short Buildup : # HDFCAMC

Short Covering : # LTF # RBLBANK # BAJFINANCE # PGEL

Stocks banned in F&O Segment: NIL

New in Ban: NIL

Out of Ban: NIL

November 26th 2025 FII/DII:

FII : +4778.03 crores.

DII: +₹ 6247.93 crores

BSE Derivatives Data

SENSEX Futures on 26.11.25 @ +0
SENSEX Futures on 25.11.25 @ +103

SENSEX PCR
1.69

BANKEX PCR
1.27

MAX CE OI

SENSEX – 87000

BANKEX – 67000

MAX PE OI

SENSEX – 85000

BANKEX – 66000

Happy Trading Day ahead

Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


TOP SECTORS:

Bullish Sector: IT, PHARMA, AUTO, PSUBANKS

Bearish Sector: MEDIA

STOCKS TO WATCH:

BULLISH STOCKS (Long Build-up+ Short Covering): MFSL, UPL, INDIGO, CUMMINS, LARSEN, SBI LIFE, TATA CONSUMER, NYKAA, HDFCBANK, HUDCO.

BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, COAL INDIA, HAL, JSWSTEEL, MAZGAON DOCK.

Our chart of the day is bullish on MFSL, CUMMINS INDIA and GLENMARK on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy Max Financial Services (MFSL: CMP 1736): Buy at CMP. Stop at 1641. Targets 1769/1809. Aggressive targets at 1883. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 1655. Major hurdles only at 1755 mark. Momentum buying is likely only above 1755 mark. 200-DMA at 1430

Happy Trading Day ahead

Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


🇩🇪 Germany : GfK German Consumer Climate (Dec)

🇪🇺 Euro : M3 Money Supply (YoY) (Oct), M3 Money Supply (Oct), Loans to Non Financial Corporations (Oct), Private Sector Loans (YoY) (Oct), Business and Consumer Survey (Nov), Business Climate (Nov), Consumer Confidence (Nov), Consumer Inflation Expectation (Nov), Selling Price Expectations (Nov), Services Sentiment (Nov), Industrial Sentiment (Nov), ECB Publishes Account of Monetary Policy Meeting

🇺🇸 USA : Building Permits (MoM) (Sep), Building Permits (Sep), Corporate Profits (QoQ) (Q3), Durables Excluding Transport (MoM), Goods Trade Balance (Sep), New Home Sales (Sep), New Home Sales (MoM) (Sep), Personal Income (MoM) (Sep), Personal Spending (MoM) (Sep), Real Consumer Spending (Q3), Retail Inventories Ex Auto (Sep), Wholesale Inventories (MoM) (Aug), Wholesale Trade Sales (MoM) (Aug), Natural Gas Storage


GIFT Nifty 🇮🇳: (+25, 26415)

Market Recap:

Nifty (+1.24%) jumped out of the gate in yesterday’s trade.

Nifty Bank index (+1.20%) scaled fresh record high @59554.95, and most importantly, races towards psychological 60,000 mark

Nifty Metal index (+2%) shined after fresh positive commentary from India’s Steel Secretary who has said a government decision on reinstating the safeguard duty is expected soon

45 of the 50 Nifty stocks ended in the green in yesterday’s trade reflecting strong market breadth.

The Big Question:

1) Will Nifty continue to run up to the hill and leave the recent consolidation behind?

2) Is this the start of a sustained breakout — or just another bounce?

The Road Ahead:

Our call of the day says all bullish eyes remain firmly set on Nifty’s all-time high of 26,277.35 — and the way momentum is building, that level is now well within striking distance.

We reiterate, that Nifty will continue to maintain a constructively bullish stance. In fact, the recent upside momentum may not just be a bounce — it could be the beginning of a new positive trend on Dalal Street.

The 2-Big Positive Catalysts:

1) RBI’s MPC meets Dec 3–5, and expectations are rising for a possible 25 bps rate cut.

2) Global mood remains upbeat as odds of a US Fed rate cut in December climb after dovish comments from NY Fed President John Williams.

Technically Speaking:

With Nifty holding and closing above 26,000, the rally now looks broad-based across banking, realty, metals, and energy — signalling improving risk appetite.

For bullish traders, the Gyan Mantra is simple: Make hay while the sun shines with biggest support on Nifty seen at 25900 mark.

The good news is that Nifty is still above its 21 DMA (25865), 50 DMA (25511) and its 100 DMA (25207). Nifty’s 200 DMA at 24553 mark.

The Biggest Headwind:

Only if there is a disappointment on US–India Trade Deal

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) MCX shares crossed the ₹10,000 mark for the first time, extending a remarkable rally. The stock has surged 132% in the past eight months, driven by strong volume growth and positive sentiment around the exchange business.

Year-to-date, MCX is up ~62% in 2025, following gains of 95% in 2024 and 106% in 2023, marking an exceptional multi-year bull run.

2) L&T climbed 2%, scaling fresh record high — as sentiment around the stock remains upbeat amidst strong order book visibility, execution strength, and continued government spending on infrastructure and defence.

3) Bharti Airtel (-1.61%) was the big laggard following a block deal, with reports indicating Indian Continent Investment may sell a ₹7,100-crore stake.

Stocks scaling fresh 52-week high:

SBI (CMP 984.45) 52-week high at ₹999
LARSEN (CMP 4062) 52-week high at ₹4074.60
AXIS BANK (CMP 1290) 52-week high at ₹1292.80
RELIANCE (CMP 1569.90) 52-week high at ₹1571.60
SHRIRAM FINANCE (CMP 856.60) 52-week high at ₹858.85
(Source: NSE INDIA)

Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (26205): Buy at CMP. Stop 25771. Targets 26277/26421. Aggressive targets at 26700-27000 zone.

Bank Nifty (59528): Buy at CMP. Stop at 58171. Targets 59900/60300. Aggressive targets at 60700-61000 zone.

Our chart of the day is bullish on MFSL, CUMMINS INDIA and GLENMARK on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy Max Financial Services (MFSL: CMP 1736): Buy at CMP. Stop at 1641. Targets 1769/1809. Aggressive targets at 1883. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 1655. Major hurdles only at 1755 mark. Momentum buying is likely only above 1755 mark. 200-DMA at 1430.

Disclaimer/ Disclosure: The investments & trading ideas recomended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only by after consulting with registered market intermediaries.


MARKET TRENDS:

Global cues: Positive
FII: (+4778.00 crores)
DII: (+6247.90 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Breakout Play.
F&O: 25500 – 26700 zone.

INDIA VIX 12.02 (-1.86%)
USD/INR Futures (December) (89.41)
NIFTY PCR (30th December) 1.26
Bank Nifty PCR (30th December) 1.15

Nifty Outlook: All bullish eyes remain firmly set on Nifty’s all-time high of 26,277.35

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26205):
SUPPORT: 26113/25900
RESISTANCE: 26277/26750
RANGE: 26100-26400
BIAS: Positive
21 DMA: 25865
50 DMA: 25511
200 DMA: 24553

SENSEX (CMP 85610)
SUPPORT: 85300/84500
RESISTANCE: 85978/86900
RANGE: 85400-86100
BIAS: Positive
21 DMA: 84458
50 DMA: 83268
200 DMA: 80553

BANK NIFTY (CMP 59528)
SUPPORT: 59100/58700
RESISTANCE: 60100/60900
RANGE: 59100-60100
BIAS: Positive
21 DMA: 58452
50 DMA: 57114
200 DMA: 54642

Nifty: In Wednesday’s bullish session, Nifty started the session on the front foot — as momentum buying gathered strength as the the session progressed.

Nifty ended way above the dotted lines and the positive takeaway was that Nifty ended way above 26000 mark and raced towards its all-time-high at 26277.35 mark.

So, Nifty (+1.24%) ended on a bullish note as the benchmark snapped its 3-day losing streak.

The Good News is that Nifty is still above its 21 DMA (25865), 50 DMA (25511) and its 100 DMA (25207). Nifty’s 200 DMA at 24553 mark.

Nifty’s hurdles seen 26277.35 mark.

The technical landscape suggests Nifty’s major support at 26113/25900 mark.

Nifty’s chart of the day suggests the benchmark may trade with positive bias with Nifty’s biggest intraday hurdles at 26277 mark.

Bank Nifty: Bank Nifty (+1.20%) too marched higher from strength to strength as momentum buying was the preferred theme all thru the trading session. Bank Nifty ended in green with new all-time-high at 59554.95 mark.

Bank Nifty was seen mirrioring Nifty’s rebounding action, ending 1.2% higher as against Nifty’s 1.24% gains.

Interestingly, Nifty PSU Banks ended 0.77% higher while Nifty Private Bank Index ended with 1.46% higher.

Intraday support for Bank Nifty now seen at 59100/58700/57158 mark mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 60100 mark. Bank Nifty’s 200-DMA is placed at 54642 mark. Bias on Bank Nifty continues to be Neutral.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

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