Category Archives: Market Trends

MARKET TRENDS:

Global cues: Positive
FII: (-4114.85 crores)
DII: (+5805.26 crores)
Sentiment: Neutral
Market Breadth: Neutral
Technicals: Consolidation
F&O: 25000 – 26000 zone.

INDIA VIX 12.30 (-2.01%)
USD/INR Futures (November) (88.79)
NIFTY PCR (25th November) 0.99
Bank Nifty PCR (25th November) 0.92

Nifty Outlook: Risk of aggressive selling from bears camp remains on any excessive strength.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25574):
SUPPORT: 25413/25011
RESISTANCE: 25653/25807
RANGE: 25450-25700
BIAS: Neutral
21 DMA: 25635
50 DMA: 25219
200 DMA: 24387

SENSEX (CMP 83535)
SUPPORT: 83000/82100
RESISTANCE: 83900/84700
RANGE: 83100-84100
BIAS: Neutral
21 DMA: 83660
50 DMA: 82288
200 DMA: 80056

BANK NIFTY (CMP 57938)
SUPPORT: 57157/56600
RESISTANCE: 58577/59300
RANGE: 57300-58300
BIAS: Neutral
21 DMA: 57595
50 DMA: 55994
200 DMA: 54050

Nifty: In Monday’s trade, Nifty started the session on the front foot but upside was seen capped as volatility was the hallmark amidst tussle between bulls and bears. Nifty however ended above the dotted lines.

Nifty is still above its 50 DMA (25220) and its 100 DMA (25116). Nifty’s 200 DMA at 24387 mark but way below its 21 DMA (25636)

Please note, confirmation of strength now only above 25807 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25413/25337/25011 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s chart of the day suggests the benchmark may trade with bearish bias with Nifty’s biggest intraday hurdles at 25653 and then at 25807 and then at 26277.35. Bias is tilting towards neutral.

Bank Nifty: Bank Nifty (+0.10%) witnessed bullish consolidation after a higher start as value buying was the preferred theme all thru the trading session. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

Bank Nifty was seen slightly mirroring Nifty’s rebounding action, ending 0.10% higher as against Nifty’s 0.32% gains.

Interestingly, Nifty PSU Banks ended 0.14% lower while Nifty Private Bank Index ended with 0.04% gains.

Intraday support for Bank Nifty now seen at 57157/56600 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 58000/58577 mark. Bank Nifty’s 200-DMA is placed at 54050 mark. Bias on Bank Nifty shifts to neutral after yesterday’s consolidative action.

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.

MARKET TRENDS:

Global cues: Positive
FII: (-4114.85 crores)
DII: (+5805.26 crores)
Sentiment: Neutral
Market Breadth: Neutral
Technicals: Consolidation
F&O: 25000 – 26000 zone.

INDIA VIX 12.30 (-2.01%)
USD/INR Futures (November) (88.79)
NIFTY PCR (25th November) 0.99
Bank Nifty PCR (25th November) 0.92

Nifty Outlook: Risk of aggressive selling from bears camp remains on any excessive strength.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25574):
SUPPORT: 25413/25011
RESISTANCE: 25653/25807
RANGE: 25450-25700
BIAS: Neutral
21 DMA: 25635
50 DMA: 25219
200 DMA: 24387

SENSEX (CMP 83535)
SUPPORT: 83000/82100
RESISTANCE: 83900/84700
RANGE: 83100-84100
BIAS: Neutral
21 DMA: 83660
50 DMA: 82288
200 DMA: 80056

BANK NIFTY (CMP 57938)
SUPPORT: 57157/56600
RESISTANCE: 58577/59300
RANGE: 57300-58300
BIAS: Neutral
21 DMA: 57595
50 DMA: 55994
200 DMA: 54050

Nifty: In Monday’s trade, Nifty started the session on the front foot but upside was seen capped as volatility was the hallmark amidst tussle between bulls and bears. Nifty however ended above the dotted lines.

Nifty is still above its 50 DMA (25220) and its 100 DMA (25116). Nifty’s 200 DMA at 24387 mark but way below its 21 DMA (25636)

Please note, confirmation of strength now only above 25807 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25413/25337/25011 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s chart of the day suggests the benchmark may trade with bearish bias with Nifty’s biggest intraday hurdles at 25653 and then at 25807 and then at 26277.35. Bias is tilting towards neutral.

Bank Nifty: Bank Nifty (+0.10%) witnessed bullish consolidation after a higher start as value buying was the preferred theme all thru the trading session. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

Bank Nifty was seen slightly mirroring Nifty’s rebounding action, ending 0.10% higher as against Nifty’s 0.32% gains.

Interestingly, Nifty PSU Banks ended 0.14% lower while Nifty Private Bank Index ended with 0.04% gains.

Intraday support for Bank Nifty now seen at 57157/56600 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 58000/58577 mark. Bank Nifty’s 200-DMA is placed at 54050 mark. Bias on Bank Nifty shifts to neutral after yesterday’s consolidative action.

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.

MARKET TRENDS:

Global cues: Positive
FII: (+6674.77 crores)
DII: (+4581.34 crores)
Sentiment: Bullish
Market Breadth: Bullish
Technicals: Rebound Play
F&O: 25000 – 26000 zone.

INDIA VIX 12.56 (+1.19%)
USD/INR Futures (November) (88.75)
NIFTY PCR (25th November) 0.89
Bank Nifty PCR (25th November) 0.91

Nifty Outlook: Sellers could hesitate as markets reassess the recent drubbing and deep correction.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25492):
SUPPORT: 25413/25011
RESISTANCE: 25653/25807
RANGE: 25400-25650
BIAS: Neutral
21 DMA: 25611
50 DMA: 25202
200 DMA: 24375

SENSEX (CMP 83216)
SUPPORT: 83000/82100
RESISTANCE: 83900/84700
RANGE: 82900-83900
BIAS: Neutral
21 DMA: 83576
50 DMA: 82233
200 DMA: 80022

BANK NIFTY (CMP 57877)
SUPPORT: 57157/56600
RESISTANCE: 58577/59300
RANGE: 57300-58300
BIAS: Positive
21 DMA: 57504
50 DMA: 55924
200 DMA: 54003

Nifty: In Friday’s trade, Nifty started the session on a cautious note but volatility was the hallmark amidst tussle between bulls and bears. Nifty however ended a tad above the dotted lines.

Nifty is still above its 50 DMA (25202) and its 100 DMA (25110). Nifty’s 200 DMA at 24375 mark but way below its 21 DMA (25610)

Please note, confirmation of strength now only above 25807 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25413/25337/25011 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s chart of the day suggests the benchmark may trade with bearish bias with Nifty’s biggest intraday hurdles at 25653 and then at 25807 and then at 26277.35. Bias is tilting towards neutral.

Bank Nifty: Bank Nifty (+0.56%) rebounded hrply higher after a lower start as value buying was the preferred theme all thru the trading session. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

Bank Nifty was seen slightly outperforming Nifty’s sliding action, ending 0.56% higher as against Nifty’s 0.07% loss.

Interestingly, Nifty PSU Banks ended 0.87% higher while Nifty Private Bank Index ended with 0.44% gains.

Intraday support for Bank Nifty now seen at 57177/56600 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 58000/58577 mark. Bank Nifty’s 200-DMA is placed at 54003 mark. Bias on Bank Nifty shifts to positive after Friday’s sharp rebound.

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.

MARKET TRENDS:

Global cues: Negative
FII: (-3263.20 crores)
DII: (+5283.90 crores)
Sentiment: Risky
Market Breadth: Negative
Technicals: Overbought zone
F&O: 25000 – 26000 zone.

INDIA VIX 12.41 (-1.92%)
USD/INR Futures (November) (88.71)
NIFTY PCR (25th November) 1.05
Bank Nifty PCR (25th November) 0.78

Nifty Outlook: Nifty Under Pressure — Bears Shall Maintain Control Amid Persistent Weakness.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25510):
SUPPORT: 25413/25011
RESISTANCE: 25653/25777
RANGE: 25400-25650
BIAS: Negative
21 DMA: 25592
50 DMA: 25192
200 DMA: 24364

SENSEX (CMP 83311)
SUPPORT: 83000/82100
RESISTANCE: 83900/84700
RANGE: 82700-83700
BIAS: Negative
21 DMA: 83515
50 DMA: 82202
200 DMA: 79991

BANK NIFTY (CMP 57554)
SUPPORT: 56901/55600
RESISTANCE: 58000/58577
RANGE: 56500-58000
BIAS: Negative
21 DMA: 57426
50 DMA: 55870
200 DMA: 53960

Nifty: In yesterday’s trade, Nifty started the session on a positive note but the negative takeaway was that bears stepped in and the selling persisted all-thru the trading session as Nifty ended way below the dotted lines.

Nifty is still above its 50 DMA (25192) and its 100 DMA (25102). Nifty’s 200 DMA at 24364 mark but way below its 21 DMA (25592),

Please note, confirmation of strength now only above 25903 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25413/25337/25011 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s chart of the day suggests the benchmark may trade with bearish bias with Nifty’s biggest intraday hurdles at 25777 and then at 25903 and then at 26277.35. Bias is tilting towards bearishness.

Bank Nifty: Bank Nifty (-0.47%) too slipped in Thursday’s trade as profit booking was the preferred theme all thru the trading session. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

Bank Nifty was seen slightly underperforming Nifty’s sliding action, ending 0.47% lower as against Nifty’s 0.34% loss.

Interestingly, Nifty PSU Banks ended 0.62% lower while Nifty Private Bank Index ended with 0.53% loss.

Intraday support for Bank Nifty now seen at 56901/56600 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 58000/58577 mark. Bank Nifty’s 200-DMA is placed at 53960 mark. Bias on Bank Nifty shifts to negative amidst overbought technical conditions.

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.

MARKET TRENDS:

Global cues: Positive
FII: (-1067.00 crores)
DII: (+1202.90 crores)
Sentiment: Risky
Market Breadth: Negative
Technicals: Overbought zone
F&O: 25000 – 26500 zone.

INDIA VIX 12.65 (-0.16%)
USD/INR Futures (November) (88.79)
NIFTY PCR (25th November) 1.11
Bank Nifty PCR (25th November) 0.83

Nifty Outlook: For now, it seems Nifty’s all-time high of 26,277.35 may have to wait a little longer, with traders expected to adopt a cautious, wait-and-watch approach and perhaps with negative bias.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25598):
SUPPORT: 25489/25429
RESISTANCE: 25903/26107
RANGE: 25500-25800
BIAS: Neutral
21 DMA: 25572
50 DMA: 25179
200 DMA: 24353

SENSEX (CMP 83459)
SUPPORT: 83121/82759
RESISTANCE: 84100/85300
RANGE: 83000-84000
BIAS: Neutral
21 DMA: 83442
50 DMA: 82162
200 DMA: 79958

BANK NIFTY (CMP 57827)
SUPPORT: 57351/56600
RESISTANCE: 58600/59100
RANGE: 57500-58500
BIAS: Neutral
21 DMA: 57357
50 DMA: 55821
200 DMA: 53916

Nifty: In Tuesday’s trade, Nifty started the session on a cautious note but the negative takeaway was that the selling persisted all-thru the trading session as Nifty ended way below the dotted lines.

Nifty is still above its 21 DMA (25571), 50 DMA (25179) and its 100 DMA (25096). Nifty’s 200 DMA at 24353 mark.

Please note, confirmation of strength now only above 26107 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25489/25429/25337 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s chart of the day suggests the benchmark may trade with bearish bias with Nifty’s biggest intraday hurdles at 25903 and then at 26107 and then at 26277.35. Bias is tilting towards bearishness.

Bank Nifty: Bank Nifty (-0.47%) too slipped in Tuesday’s trade as bullish consolidation was the preferred theme all thru the trading session. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

Bank Nifty was seen slightly outperforming Nifty’s sliding action, ending 0.47% lower as against Nifty’s 0.64% loss.

Interestingly, Nifty PSU Banks ended 0.11% lower while Nifty Private Bank Index ended with 0.68% loss.

Intraday support for Bank Nifty now seen at 57351/56600 mark and then at 55500 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 58600/59300 mark. Bank Nifty’s 200-DMA is placed at 53870 mark. Bias on Bank Nifty shifts to negative amidst overbought technical conditions.

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.

MARKET TRENDS:

Global cues: Positive
FII: (-6769.30 crores)
DII: (+7068.40 crores)
Sentiment: Risky
Market Breadth: Negative
Technicals: Overbought zone
F&O: 25000 – 26500 zone.

INDIA VIX 12.15 (+0.70%)
USD/INR Futures (November) (88.78)
NIFTY PCR (25th November) 1.11
Bank Nifty PCR (25th November) 0.85

Nifty Outlook: For now, it seems Nifty’s all-time high of 26,277.35 may have to wait a little longer, with traders expected to adopt a cautious, wait-and-watch approach and perhaps with negative bias.

WHAT TECHNICALS TELLS ON NIFTY, SENSEX & BANK NIFTY:

NIFTY (CMP 25722):
SUPPORT: 25571/25429
RESISTANCE: 26107/26277
RANGE: 25550-25900
BIAS: Negative
21 DMA: 25494
50 DMA: 25155
200 DMA: 24327

SENSEX (CMP 83939)
SUPPORT: 83500/83121
RESISTANCE: 85300/85979
RANGE: 83000-84400
BIAS: Negative
21 DMA: 83192
50 DMA: 82090
200 DMA: 79885

BANK NIFTY (CMP 57776)
SUPPORT: 57351/56600
RESISTANCE: 58600/59100
RANGE: 57000-58000
BIAS: Positive
21 DMA: 57119
50 DMA: 55732
200 DMA: 53820

Nifty: In Friday’s trade, Nifty started the session on a cautious note and the negative takeaway was that the drubbing continued all thru the trading session. The benchmark ended on a jittery note.

Nifty’s 100 DMA is at 25079 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25571/25451/25337 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s 200 DMA at 24327 mark.

Nifty’s chart of the day suggests the benchmark may trade with bearish bias with Nifty’s biggest intraday hurdles at 25900 and then at 26107 and then at 26277.35. Bias is tilting towards bearishness.

Bank Nifty: In Friday’s session, Bank Nifty started the session on a cautious note, and the negative takeaway was that Bank Nifty ended on a jittery note.

Bank Nifty’s new all-time continues to be at 58577.50 mark.

Bank Nifty was seen mirroring Nifty’s sliding action, ending 0.60% lower as against Nifty’s 0.44% fall.

Interestingly, Nifty PSU Banks ended 1.56% higher while Nifty Private Bank Index ended with 0.75% loss.

Intraday support for Bank Nifty now seen at 57351/56600 mark and then at 55500 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 58600/59300 mark. Bank Nifty’s 200-DMA is placed at 53820 mark. Bias on Bank Nifty shifts to negative amidst overbought technical conditions.

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.

MARKET TRENDS:

Global cues: Positive
FII: (-3077.60 crores)
DII: (+2469.30 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Consolidation
F&O: 25500 – 27000 zone.

INDIA VIX 12.07 (+0.79%)
USD/INR Futures (November) (88.82)
NIFTY PCR (25th November) 1.14
Bank Nifty PCR (25th November) 0.92

Nifty Outlook: A choppy, range-bound session appears likely, as the Federal Reserve’s uncertain stance on a December rate cut, ongoing U.S.–India trade negotiations, and India’s Q2 corporate earnings season leave Dalal Street searching for clear direction.

For now, it seems Nifty’s all-time high of 26,277.35 may have to wait a little longer, with traders expected to adopt a cautious, wait-and-watch approach amid mixed global cues.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25878):
SUPPORT: 25701/25451
RESISTANCE: 26107/26277
RANGE: 25700-26100
BIAS: Positive
21 DMA: 25442
50 DMA: 25140
200 DMA: 24316

SENSEX (CMP 84404)
SUPPORT: 83900/83121
RESISTANCE: 85300/85979
RANGE: 84000-85000
BIAS: Positive
21 DMA: 82825
50 DMA: 81982
200 DMA: 79818

BANK NIFTY (CMP 58031)
SUPPORT: 57451/56900
RESISTANCE: 58600/59100
RANGE: 57500-58500
BIAS: Positive
21 DMA: 56971
50 DMA: 55694
200 DMA: 53775

Nifty: In yesterday’s trade, Nifty started the session on a cautious note and the negative takeaway was that the drubbing continued all thru the trading session. The benchmark ended on a jittery note.

Nifty’s 100 DMA is at 25079 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25709/25451/25337 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s 200 DMA at 24316 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26107 and then at 26277.35 and then aggressive targets at 26700 mark. Bias is constructively bullish.

Bank Nifty: In yesterday’s session, Bank Nifty started the session on a cautious note, and the negative takeaway was that Bank Nifty ended on a jittery note.

Bank Nifty’s new all-time continues to be at 58577.50 mark.

Bank Nifty was seen mirroring Nifty’s sliding action, ending 0.61% lower as against Nifty’s 0.68% fall.

Interestingly, Nifty PSU Banks ended 0.38% lower while Nifty Private Bank Index ended with 0.74% loss.

Intraday support for Bank Nifty now seen at 57451/56900 mark and then at 55500 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 58600/59300 mark. Bank Nifty’s 200-DMA is placed at 53775 mark. Bias on Bank Nifty continues to be bullish.

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.

MARKET TRENDS:

Global cues: Positive
FII: (-2540.20 crores)
DII: (+5692.80 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Massive Rebound
F&O: 25500 – 27000 zone.

INDIA VIX 11.97 (+0.17%)
USD/INR Futures (November) (88.35)
NIFTY PCR (25th November) 1.23
Bank Nifty PCR (25th November) 1.03

Nifty Outlook: Bullish sentiment likely to stay alive, with all eyes on Nifty’s all-time high of 26,277.35 with an interweek perspective.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26054):
SUPPORT: 25951/25701
RESISTANCE: 26277/26900
RANGE: 26000-26200
BIAS: Positive
21 DMA: 25382
50 DMA: 25120
200 DMA: 24304

SENSEX (CMP 84997)
SUPPORT: 84638/83900
RESISTANCE: 85979/86700
RANGE: 84600-85600
BIAS: Positive
21 DMA: 82825
50 DMA: 81982
200 DMA: 79818

BANK NIFTY (CMP 58385)
SUPPORT: 57700/57100
RESISTANCE: 58609/59300
RANGE: 57900-58900
BIAS: Positive
21 DMA: 56799
50 DMA: 55648
200 DMA: 53732

Nifty: In yesterday’s trade, Nifty started the session above the dotted lines and the positive takeaway was that the buying continued all thru the trading session. The benchmark ended on a solid higher footing.

Nifty’s 100 DMA is at 25070 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25709/25451/25337 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s 200 DMA at 24304 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26107 and then at 26277.35 and then aggressive targets at 26700 mark. Bias is constructively bullish.

Bank Nifty: In yesterday’s session, Bank Nifty started the session on a positive footing, and the positive takeaway was that Bank Nifty ended on a strong positive note.

Bank Nifty’s new all-time continues to be at 58577.50 mark.

Bank Nifty was seen slightly underperforming Nifty’s bullish action, ending 0.29% higher as against Nifty’s 0.45% gains.

Interestingly, Nifty PSU Banks ended 0.02% higher while Nifty Private Bank Index ended with 0.14% gains.

Intraday support for Bank Nifty now seen at 57700/56700 mark and then at 55500 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 58609/59300 mark. Bank Nifty’s 200-DMA is placed at 53732 mark. Bias on Bank Nifty continues to be bullish.

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.

MARKET TRENDS:

Global cues: Positive
FII: (+10339.80 crores)
DII: (+1081.60 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Massive Rebound
F&O: 25500 – 27000 zone.

INDIA VIX 11.95 (+0.80%)
USD/INR Futures (October) (88.28)
NIFTY PCR (25th November) 1.20
Bank Nifty PCR (25th November) 0.98

Nifty Outlook: Bullish sentiment likely to stay alive, with all eyes on Nifty’s all-time high of 26,277.35 with an interweek perspective.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25936):
SUPPORT: 25800/25701
RESISTANCE: 26107/26277
RANGE: 25850-26150
BIAS: Positive
21 DMA: 25315
50 DMA: 25091
200 DMA: 24292

SENSEX (CMP 84628)
SUPPORT: 84200/83900
RESISTANCE: 85290/85979
RANGE: 84300-85300
BIAS: Positive
21 DMA: 82608
50 DMA: 81894
200 DMA: 79784

BANK NIFTY (CMP 58214)
SUPPORT: 57700/56700
RESISTANCE: 58609/59100
RANGE: 58000-59000
BIAS: Positive
21 DMA: 56609
50 DMA: 55587
200 DMA: 53689

Nifty: In yesterday’s trade, Nifty started the session above the dotted lines but profit booking emerged in the mid-session and the negative takeaway was that the benchmark ended on red note, reversing Monday’s solid gains.

Nifty’s 100 DMA is at 25057 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25709/25451/25337 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s 200 DMA at 24292 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26107 and then at 26277.35 and then aggressive targets at 26700 mark. Bias is constructively bullish.

Bank Nifty: In yesterday’s session, Bank Nifty started the session on a positive footing, and the positive takeaway was that Bank Nifty ended on a strong positive note.

Bank Nifty’s new all-time continues to be at 58577.50 mark.

Bank Nifty was seen outperforming Nifty’s corrective decline action, ending 0.17% higher as against Nifty’s 0.11% loss.

Interestingly, Nifty PSU Banks ended 1.21% higher while Nifty Private Bank Index ended with 0.08% gains.

Intraday support for Bank Nifty now seen at 57700/56700 mark and then at 55500 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 58609/59300 mark. Bank Nifty’s 200-DMA is placed at 53689 mark. Bias on Bank Nifty continues to be bullish.

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.