GIFT Nifty 🇮🇳: (-25, 26006)
First, the Market Recap:
Nifty started Monday’s trading with a strong, decisive gains, reinforcing the view that bullish momentum may soon become the new normal on Dalal Street.
The positive takeaway from Monday’s trading was that Nifty gained for 6th-straight day.
Bank Nifty scaled new all-time-high at 59001.55 mark and as up for 7th straight day.
The Road Ahead:
1) Volatility is likely to be the hallmark of Tuesday’s trading amidst weekly F&O expiry.
Also denting sentiments will weak leads from Wall Street in overnight trade.
The Big Question:
Seven days, seven strides — Nifty is unstoppable?
Our call of the day suggests Nifty’s bullish undertones shall persist — with traders keeping a sharp focus on Nifty’s all-time high of 26,277.35.
The Biggest Catalysts:
1) NDA landslide victory in Bihar, reinforcing political stability and market confidence.
2) 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.
3) US–India Trade Deal Hopes.
4) Crude oil futures remain depressed as OPEC signaled a comfortable supply outlook.
5) FIIs were net buyers in yesterday’s trade to the tune of Rs. 442.20 Cr.
The Biggest Headwinds:
1) Wavering and uninspiring global cues.
2) India’s trade deficit widened sharply to USD 41.68 billion in October 2025, up from USD 26.23 billion a year earlier and far exceeding market expectations of USD 29.4 billion.
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 25,740-support zone — dips remain buying opportunities in the near term.
Please note, Nifty is well above its 21 DMA (25789), 50 DMA (25350) and its 100 DMA (25165). Nifty’s 200 DMA at 24455 mark.
The Next Big Catalyst: This week, all eyes will be on the FOMC Minutes from the latest meeting to trickle in this Thursday, November 20th.
The minutes will offer deeper insight into the Federal Reserve’s thinking after it lowered the federal funds rate by 25 bps at its October 2025 meeting, bringing the target range to 3.75%–4.00%.
Bottom Line:
Sentiment are improving, supported by rising expectations of rate cuts, fuelled by encouraging cooling CPI inflation that rekindles optimism and strengthens the market’s upward bias
Long Story Short: The rally has fresh legs — bulls are charging again.
STOCKS IN SPOTLIGHT:
1) Kotak Mahindra Bank (+1.13%) gained ahead of its board meeting on 21 Nov to consider a stock split.
2) Siemens (+4.99%) rallied on strong revenue growth, although Q4 profit dipped 7.1% YoY due to a high one-time base.
3) Narayana Hrudayalaya (+15.20%) surged as Q2 profit climbed 30.1% and revenue grew 20.3% YoY.
4) India Glycols (+5.9%) soared after reporting 30.9% profit growth and a 13.6% rise in Q2 revenue.
5) HUDCO (+5.98%) gained post results: Net sales rose 27.85% YoY to ₹3,219 crore in Sep 2025. Quarterly net profit increased 3.08% to ₹709.83 crore, while EBITDA grew 16.51% to ₹3,104 crore.
Our chart of the day is bullish on TATA CONSUMER, POLYCAB, BEL, SUN PHARMA and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy TATA CONSUMER (CMP 1179): Buy at CMP. Stop at 1101. Targets 1207/1239. Aggressive targets at 1297. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive rebound on the upside. Key interweek support 1139. Major hurdles only at 1255 mark. Momentum buying is likely only above 1207 mark. 200-DMA at 1085.
Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:
Nifty (26013): Buy at CMP. Stop 25623. Targets 26277/26500. Aggressive targets at 26900-27100 zone.
Bank Nifty (58963): Buy at CMP. Stop at 57751. Targets 59300/59577. Aggressive targets at 59900-60300 zone.
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