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.

The positive catalyst: Reports suggest that Kevin Hassett is the leading candidate for Fed chair –– reinforced expectations of easier policy ahead.

Well, lower U.S. interest rates typically boost the appeal of emerging markets like India, making them more attractive destinations for foreign capital.

Bottom-line: A breakout above 26,277.35 won’t just set a new record — it would officially end a 14-month consolidation and potentially trigger the next leg of Nifty’s rally.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+25, 26415)
Dow Futures: (+43, 47470)
Nasdaq 100 Futures (+42, 25269)

Nikkei (+632, 50191)
Hang Seng (+37, 25945)

Dow Jones (+315, 47427)
Nasdaq Composite (+189, 23215)
Bovespa (+2645, 158555).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Wall Street ringed massive gains for the 4th straight day in overnight trade.

The Positive Catalyst: The street is betting that the Fed will cut rates in December.

According to CME FedWatch, futures traders are pricing in an 83% probability of a quarter-point rate cut next month, up from 50% one week ago.

Wall Street is closed on Thursday for the Thanksgiving holiday, while the stock and bond markets will close early on Friday.

Gold prices ($4165 per ounce) jumped higher to a near two weeks high on expectations for looser US policy which lowered the US dollar and cut the opportunity cost of holding bullion.

WTI crude oil futures ($58.70) are trading with negative bias and have fallen to 1-month low, as OPEC revised its outlook to show a supply surplus in the third quarter + growing optimism over a potential Ukrainian peace agreement which could ease restrictions on Russian oil, added to the downward pressure.

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.


Good Morning Early, Readers!!

Wall Street rings massive gains for the 4th straight day:

The Positive Catalyst: The street is betting that the Fed will cut rates in December

In early action, Gift Nifty is uninspired but we suspect it to be a banner day for Nifty and Bank Nifty. Nifty should comfortably cross its all-time-high at 26277.35 mark.

6:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-3, 26387)
Dow Futures: (+66, 47493)
Nasdaq 100 Futures (+45, 25283)

Nikkei (+561, 50121)
Hang Seng (Closed, 25928)

Dow Jones (+315, 47427)
Nasdaq Composite (+189, 23215)
Bovespa (+2645, 158555).

According to CME FedWatch, futures traders are pricing in an 83% probability of a quarter-point rate cut next month, up from 50% one week ago.

As a reminder, the US stock and bond markets are closed on Thursday for the holiday and will close early on Black Friday.

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 guarantees performance of the intermediary or provides 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.


FIIs post a superb buy figure in today’s rally

FII Cash: +4,778.0 Cr.
DII Cash: +6,247.9 Cr.

FII Idx Fut: +790.5 Cr.
FII Idx Opt: -6,858.5 Cr.
FII Stk Fut: +1,778.7 Cr.
FII Stk Opt: -632.2 Cr.

FII Week Till Date
FII Cash: -1,391.6 Cr.
DII Cash: +14,673.3 Cr.

FII/DII Month till Date
FII Cash: -12,449.0 Cr.
DII Cash: +68,994.7 Cr.

FY-26 Till Date
FII Cash: -1,27,418.1 Cr.
DII Cash: +5,05,334.7 Cr.

Gift Nifty at 19:03 (26380, 0)


Nifty kicks off December F&O series on a positive note as investors cheer the ongoing bullish momentum at global stock markets, hoping the uptrend on Dalal Street will extend further.

The Good News: Nifty’s rally has more legs to run, hopefully, shall cross 26277.35 mark. Matter of time…

NIFTY (+321, 26205)
Sensex (+1023, 84610)
Bank Nifty (+708, 59528)

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) Nifty Metal index (+2%) shines after fresh positive commentary from India’s Steel Secretary who has said a government decision on reinstating the safeguard duty is expected soon. He added that adjustments in BIS norms and quality controls are aimed at balancing the interests of both steel producers and consumers. (CNBC TV18)

3) The Nifty Bank index scaled fresh record high @59554.95, 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 $57.85/barrel, a five-week low, after reports of a revised Ukraine-Russia peace deal. (tradingeconomics)

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 METAL (+2.06%)
NIFTY CONUSMER DURABLES (+1.75%)
NIFTY OIL & GAS (+1.72%)

SECTORS LOSERS

NONE

TODAY’S MARKET RE-CAP:

1) Nifty (+1.24%) zoomed higher and raced towards its all-time-high and most importantly, snapped its 3-day decline.

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

2) Bank Nifty (+1.2%) scaled a new all-time-high continuing with its bullish march.

Bank Nifty’s new all-time-high continue to be at 59554.95 mark.

3) The market breadth (45:5) was in favour of the Bulls.

4) Nifty Mid-cap (+1.42%) and Nifty Small-cap (+1.36%) zoomed higher snapping their recent sluggishness.

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.
(CNBC TV18)

L&T climbs 2%, hits 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.

(Source: Businessstandard)

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
(NSE INDIA)

Top Nifty 50 Gainers:

JSWSTEEL (+3.69%)
HDFCLIFE (+2.80%)
BAJAJFINSV (+2.55%)
BAJFINANCE (+2.51%)
JIOFIN (+2.39%)

Top Nifty 50 Losers: Despite the broader market strength, declines were marginal with:

BHARTIARTL (-1.60%)
ADANIENT (-0.81%)
EICHERMOT (-0.53%)
SBILIFE (-0.20%)
ASIANPAINTS (-0.13%)

OUR VIEW FOR THURSDAY’S TRADE

Technically speaking, gates now seem to have opened for uncharted territories for benchmarks at Dalal Street. Nifty is poised to reclaim its all-time high at 26277.35 mark which it may hit with the blink of the eye.

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

ALL ABOUT NIFTY:
Nifty (CMP: 26205)
Support: 25850/25700
Resistance: 26351/26500
Range: 25870-26333
21 DMA: 25865
50 DMA: 25511
200 DMA: 24553
Trend: Positive

BULLISH LOOKING STOCKS:

YESBANK

GLENMARK

HUDCO

BULLISH LOOKING STOCKS (LONG TERM):

MAX FINANCIAL

TECHM

GRSE

BEARISH LOOKING STOCKS:

ADANIENT

EICHER

BHARTIARTL

STOCKS TO AVOID:

INDHOTEL

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: GLENMARK

Open Sell: NIL

Closed Calls: NIL

FORMULA ONE (F1) PROFIT: NIL

SWING TRADE:

Open Buy: 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: (NIL)

SWING TRADE: (NIL)

PURE INVESTMENT CALL (BINOCULAR): (NIL)


Nifty marches higher, reclaims 26000 mark. Bulls now aim and set sights on Nifty’s all-time-high at 26277.35 mark.

Nifty (+205, 26090)
Sensex (+613, 85200)
Bank Nifty (+667, 59488)

NIFTY (CMP 26090):

SUPPORT: 25971/25871
RESISTANCE: 26277/26750
RANGE: 25900-26200
BIAS: Positive

SECTOR GAINER:

NIFTY METAL (+1.79%)
NIFTY PSU BANKS (+1.76%
NIFTY CONSUMER DURABLES (+1.27%)

SECTOR LOSER:

STOCKS IN SPOTLIGHT:

1) Bharti Airtel (-2.25%) misses on the Gravy train amidst a block deal | Indian Continent Investment likely to sell ₹7,100-crore stake.

2) NCC up 1.76% after winning a ₹2,062.71 crore contract to modernize Gauhati Medical College & Hospital.

3) Nelco jumped 3.70% after securing additional Unified License (VNO) authorization, enabling broader VSAT service offerings.

4) Zydus Lifesciences edged up 1.08% after receiving final USFDA approval for Verapamil ER tablets (120/180/240 mg).

KEY THEMES FOR THE DAY:

1) Nifty bulls are now sincerely hoping for the much-awaited follow-through buying.

2) Sentiment improves as FPIs turned buyers, investing ₹785.32 crore in yesterday’s otherwise weak session..

3) Renewed hopes of another Fed rate cut in December are lifting sentiment. According to CME FedWatch, markets now assign an 83% probability of a 25 bps cut, sharply higher from 50% just a week ago.

4) Oil falls to $58.2/barrel after reports of a revised Ukraine-Russia peace deal.

5) Investors await clearer signals on the India-US trade deal.

Top Index Gainers:
JSW STEEL (+3.24%)
HDFC LIFE (+2.65%)
ADANI PORTS (+2.24%)
TRENT (+2.19%)
TMPV (+2.11%)

Top Index Losers:
BHARTI AIRTEL (-2.09%)

# 10:15 AM GLOBAL UPDATE:

Dow Futures: (+114, 47224)
Nasdaq 100 Futures (+101, 25121)

Nikkei (+826, 49486)
Hang Seng (+119, 26013)

Dollar Index (+0.03%, 100.21)
WTI OIL (+0.43%, 58.25)
Gold (+31, 4161)

Securities in Ban for Trade Date: Wednesday, November 26th 2025*

SAIL
SAMMAANCAP

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 25.11.25 @ +164

NIFTY PCR

NIFTY – 0.75

BANKNIFTY PCR

BANKNIFTY – 1.08

MAX CE OI

NIFTY – 25900, 26500

BNF – 59000

SHORT Buildup

NIFTY – 25750-26050

MAX PE OI

NIFTY – 25850, 25000

BNF – 58800

SHORT Covering

25950-26500

STOCK Derivatives:

Long Buildup: # YESBANK # VEDL # HINDALCO # FEDERALBNK

Long Unwinding: # CONCOR # PPLPHARMA # IGL # TATATECH

Short Buildup : # TMPV # HINDPETRO # PATYM # ADANIENT

Short Covering : # BEL # PNB # IDFIRSTB # TATAMOTORS # HINDZINC

Stocks banned in F&O Segment: NIL

New in Ban: NIL

Out of Ban: SAIL, SAMMAANCAP

November 25th 2025 FII/DII:

FII : +785.32 crores.

DII: +₹ 3912.47 crores

BSE Derivatives Data

SENSEX Futures on 25.11.25 @ +103
SENSEX Futures on 24.11.25 @ +156

SENSEX PCR
0.61

BANKEX PCR
1.22

MAX CE OI

SENSEX – 85000

BANKEX – 65400

MAX PE OI

SENSEX – 85000

BANKEX – 65400

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.


🇯🇵 Japan : BoJ Core CPI (YoY), Coincident Indicator (MoM) (Sep), Leading Index (Sep), Leading Index (MoM) (Sep)

🇸🇬 Singapore : Industrial Production (MoM) (Oct), Industrial Production (YoY) (Oct)

🇮🇳 India : M3 Money Supply

🇪🇺 Euro : ECB President Lagarde Speaks

🇺🇸 USA: MBA 30-Year Mortgage Rate, MBA Mortgage Applications (WoW), MBA Purchase Index, Mortgage Market Index, Mortgage Refinance Index, Building Permits (MoM) (Sep), Building Permits (Sep), Continuing Jobless Claims,Core Durable Goods Orders (MoM) (Sep), Core PCE Prices (Q3), Corporate Profits (QoQ) (Q3), Durable Goods Orders (MoM) (Sep), Durables Excluding Defense (MoM) (Sep), Durables Excluding Transport (MoM), GDP (QoQ) (Q3), GDP Price Index (QoQ) (Q3), GDP Sales (Q3), Goods Orders Non Defense Ex Air (MoM) (Sep), Goods Trade Balance (Sep), Initial Jobless Claims, Jobless Claims 4-Week Avg., PCE Prices (Q3), Real Consumer Spending (Q3), Retail Inventories Ex Auto (Sep), Core PCE Price Index (YoY) (Sep), Core PCE Price Index (MoM) (Sep), New Home Sales (Sep), New Home Sales (MoM) (Sep), PCE price index (MoM) (Sep), PCE Price index (YoY) (Sep), Personal Income (MoM) (Sep), Personal Spending (MoM) (Sep), Wholesale Inventories (MoM) (Aug), Wholesale Trade Sales (MoM) (Aug), Crude Oil Inventories, EIA Refinery Crude Runs (WoW), Crude Oil Imports, Cushing Crude Oil Inventories, Distillate Fuel Production, EIA Weekly Distillates Stocks, Gasoline Production, Heating Oil Stockpiles, EIA Weekly Refinery Utilization Rates (WoW), Gasoline Inventories, Natural Gas Storage, 4-Week Bill Auction, 8-Week Bill Auction, Atlanta Fed GDPNow (Q4), Chicago Fed National Activity (Oct), 7-Year Note Auction, U.S. Baker Hughes Oil Rig Count, U.S. Baker Hughes Total Rig Count


GIFT Nifty 🇮🇳: (+107, 26151)

Before we start, first things first;

The 2-Good News:

1) Oil falls to $57.2/barrel after reports of a revised Ukraine-Russia peace deal.
2 The biggest positive takeaway from yesterday’s trading was that FIIs turned net buyers to the tune of ₹785.30 crores.

Hopefully, Nifty joins the conga-line of rising global stock markets and shrugs-off the last 3-days of drubbing.

Please note, sometimes, excessive pessimism itself fuels a bullish comeback.

The 6-Big Positive Catalysts:

1) Wall Street continues to march higher from strength to strength.

2) Renewed hope for another rate cut in December by the Federal Reserve. U.S. Treasury Secretary Scott Bessent has confirmed that the recent 43-day federal shutdown inflicted an estimated $11 billion economic loss. Despite the setback, he believes the U.S. economy remains resilient and is unlikely to enter a recession. (source: reuters)

3) Refreshed faith in the AI trade.

4) Optimism surrounding a potential US–India trade agreement.

5) 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.

6) Crude Oil Prices in a Freefall: Oil fell to $57.2/barrel, a five-week low, after reports of a revised Ukraine-Russia peace deal. Zelenskiy said talks with the US continue, while Russia’s stance remains unclear.

Technically Speaking:

Nifty’s upside breakout on the medium term charts remain on the table — however, a meaningful confirmation now requires a close above the 26,100 level.

For bullish traders, the Gyan Mantra is simple: Stay Cautious. The most critical support zone to monitor is placed at 25,671.

The Good News is that Nifty is still above its 21 DMA (25853), 50 DMA (25489) and its 100 DMA (25200). Nifty’s 200 DMA at 24539 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) SBI hits a 52-week high of ₹988.95 on news that the GOI may raise FDI limit from 20% to 49%. (Businessline)

2) Shriram Finance touches a 52-week high of ₹841.85 following its recent solid Q2FY26: disbursements up 10.2% Y-o-Y to ₹49,019 crore; AUM up 15.7% Y-o-Y to ₹2.8 trillion. (Businessstandard)

3) Trent slides toward a 52-week low of ₹4,235.80 after Q2 FY25 earnings showed moderating revenue growth, prompting a cautious outlook.

4) Bharti Airtel: Price action indicates a potential major breakout from a possible ‘Flag Pattern’ setup on the daily chart.

5) HDFC AMC 1:1 Bonus Issue — Record Date: November 26, 2025. (source: bseindia)

6) PFC Interim Dividend — ₹3.65 per share; Record Date: November 26, 2025. (source: bseindia)

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

Nifty (25885): Buy between 25750-25800 zone. Stop 25421. Targets 26000/26147. Aggressive targets at 26277-26500 zone.

Bank Nifty (58820): Buy between 58500-58700 zone. Stop at 56971. Targets 59300/59550. Aggressive targets at 59900-60100 zone.

Our chart of the day is bullish on MFSL, BHARTI AIRTEL and SBI on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy Max Financial Services (MFSL: CMP 1698): Buy at CMP. Stop at 1623. Targets 1731/1811. Aggressive targets at 1883. (Interweek Strategy). Rationale: Momentum Play. Signaling a massive breakout on the upside. Key interweek support 1641. Major hurdles only at 1731 mark. Momentum buying is likely only above 1731 mark. 200-DMA at 1883.

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: (+785.30 crores)
DII: (+3912.50 crores)
Sentiment: Neutral/Bullish
Market Breadth: Positive
Technicals: Consolidation
F&O: 25000 – 26500 zone.

INDIA VIX 12.24 (-7.50%)
USD/INR Futures (November) (89.22)
NIFTY PCR (25th November) 0.75
Bank Nifty PCR (25th November) 1.08

Nifty Outlook: Nifty will aim to capture 26000 levels on backdrop of strong global cues. Optimism around a potential US–India trade agreement could provide the much needed boost to push the index above 26,277.35.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25885):
SUPPORT: 25771/25650
RESISTANCE: 26021/26147
RANGE: 25800-26100
BIAS: Positive
21 DMA: 25854
50 DMA: 25490
200 DMA: 24539

SENSEX (CMP 84587)
SUPPORT: 84150/82671
RESISTANCE: 85000/85978
RANGE: 84300-85300
BIAS: Positive
21 DMA: 84587
50 DMA: 83194
200 DMA: 80511

BANK NIFTY (CMP 58820)
SUPPORT: 58100/57158
RESISTANCE: 59500/60100
RANGE: 58600-59600
BIAS: Neutral
21 DMA: 58385
50 DMA: 57019
200 DMA: 54590

Nifty: In Tuesday’s bearish session, Nifty started the session on a cautiously optimist note — but momentum buying faded and selling intensified as the session panned out.

Nifty ended way below the dotted lines and the negative takeaway was that Nifty ended below 26000 mark and way below the its all-time-high at 26277.35 mark.

So, Nifty (-0.29%) slipped amidst profit booking as the benchmark ended in red for the 3rd straight day.

The Good News is that Nifty is still above its 21 DMA (25853), 50 DMA (25489) and its 100 DMA (25200). Nifty’s 200 DMA at 24539 mark.
Nifty’s hurdles seen 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25771/25650 mark.

Nifty’s chart of the day suggests the benchmark may trade volatile in an up-and-down session with Nifty’s biggest intraday hurdles at 26147 mark.

Bank Nifty: Bank Nifty (-0.03%) slipped as unwinding of long positions was the preferred theme all thru the trading session. Bank Nifty ended in red. Bank Nifty’s new all-time-high at 59440.10 mark.

Bank Nifty was seen slightly outperforming in Nifty’s sliding action, ending 0.03% lower as against Nifty’s 0.29% loss.

Interestingly, Nifty PSU Banks ended 1.44% higher while Nifty Private Bank Index ended with 0.23% loss.

Intraday support for Bank Nifty now seen at 58100/57158 mark and then at 55600 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 59500 mark. Bank Nifty’s 200-DMA is placed at 54590 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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