Category Archives: Market Trends

MARKET TRENDS:

Global cues: Positive
FII: (+283.70 crores)
DII: (+824.50 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Massive Breakout
F&O: 25500 – 27000 zone.

INDIA VIX 12.14 (+1.36%)
USD/INR Futures (November) (88.72)
NIFTY PCR (25th November) 1.51
Bank Nifty PCR (25th November) 1.23

Nifty Outlook: Up again for benchmark Nifty as bullish sentiment gears up for a joyful surge!

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26192):
SUPPORT: 26051/25900
RESISTANCE: 26277/27000
RANGE: 26100-26400
BIAS: Positive
21 DMA: 25837
50 DMA: 25428
200 DMA: 24500

SENSEX (CMP 85633)
SUPPORT: 85300/84500
RESISTANCE: 85978/87000
RANGE: 85300-86300
BIAS: Positive
21 DMA: 84346
50 DMA: 82981
200 DMA: 80396

BANK NIFTY (CMP 59348)
SUPPORT: 59000/58300
RESISTANCE: 59700/60300
RANGE: 59100-60000
BIAS: Positive
21 DMA: 58254
50 DMA: 56757
200 DMA: 54450

Nifty: In Thursday’s bullish session, Nifty started on the front foot — as momentum buying prevailed and short covering lifted Nifty well above the dotted lines.

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

Nifty is above its 21 DMA (25837), 50 DMA (25428) and its 100 DMA (25188). Nifty’s 200 DMA at 24501 mark.

Nifty’s hurdles seen 26277.35 mark.

The technical landscape suggests Nifty’s major support at 26051/25900/25741 mark.

Nifty’s chart of the day suggests the benchmark may trade with positive bias with Nifty’s biggest intraday hurdles at 26277.35 mark.

Bank Nifty: Bank Nifty (+0.22%) did pretty well as bullish consolidation was the preferred theme all thru the trading session. Bank Nifty ended in green. Bank Nifty’s new all-time-high at 59440.10 mark.

Bank Nifty was seen slightly underperforming in Nifty’s rebounding action, ending 0.22% higher as against Nifty’s 0.54% gains.

Interestingly, Nifty PSU Banks ended 0.89% lower while Nifty Private Bank Index ended with 0.31% gains.

Intraday support for Bank Nifty now seen at 59000/58300/57157 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 59700 mark. Bank Nifty’s 200-DMA is placed at 54450 mark. Bias on Bank Nifty shifts to Positive.

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: (-728.80 crores)
DII: (+6156.80 crores)
Sentiment: Risky
Market Breadth: Neutral
Technicals: Consolidation
F&O: 25000 – 26500 zone.

INDIA VIX 12.10 (+2.61%)
USD/INR Futures (November) (88.63)
NIFTY PCR (25th November) 0.91
Bank Nifty PCR (25th November) 1.12

Nifty Outlook:

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25910):
SUPPORT: 25740/25318
RESISTANCE: 26277/26750
RANGE: 25800-26100
BIAS: Neutral
21 DMA: 25804
50 DMA: 25374
200 DMA: 24470

SENSEX (CMP 84673)
SUPPORT: 84000/83500
RESISTANCE: 85978/87000
RANGE: 84200-85000
BIAS: Neutral
21 DMA: 84227
50 DMA: 82795
200 DMA: 80304

BANK NIFTY (CMP 58899)
SUPPORT: 58366/58000
RESISTANCE: 59300/60100
RANGE: 58600-59400
BIAS: Neutral
21 DMA: 58120
50 DMA: 56551
200 DMA: 54347

Nifty: In Tuesday’s bullish session, Nifty witnessed massive drubbing — as profit booking prevailed all-thru the trading session.

Nifty ended way below the dotted lines and the negative takeaway was that Nifty snapped its 6th-straight day winning streak.

Nifty is still above its 21 DMA (25804), 50 DMA (25374) and its 100 DMA (25173). Nifty’s 200 DMA at 24470 mark.

Nifty’s hurdles seen 26277.35 mark.

Please note, confirmation of strength and momentum buying is now likely above 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25740/25339 mark.

Nifty’s chart of the day suggests the benchmark may trade with neutral bias with Nifty’s biggest intraday hurdles at 26107 and then at 26277.

Bank Nifty: Bank Nifty (-0.11%) did pretty well as bullish consolidation was the preferred theme all thru the trading session. Bank Nifty however ended in red as it snapped its 7th straight day winning streak. Bank Nifty’s new all-time-high still seen at 59001.55 mark.

Bank Nifty was seen slightly outperforming in Nifty’s downward action, ending 0.11% lower as against Nifty’s 0.40% loss.

Interestingly, Nifty PSU Banks ended 0.16% lower while Nifty Private Bank Index ended with 0.03% loss.

Intraday support for Bank Nifty now seen at 58366/58000/57157 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 59300 mark. Bank Nifty’s 200-DMA is placed at 54347 mark. Bias on Bank Nifty shifts to 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.

MARKET TRENDS:

Global cues: Negative
FII: (+442.20 crores)
DII: (+1465.90 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Upside breakout
F&O: 25000 – 26500 zone.

INDIA VIX 11.79 (-1.26%)
USD/INR Futures (November) (88.66)
NIFTY PCR (25th November) 1.01
Bank Nifty PCR (25th November) 1.14

Nifty Outlook: Any excessive upside is likely to be capped amidst weak lead from Wall Street but the undertone remains positive amidst 3-positive catalysts:

1) NDA landslide victory in Bihar.

2) India’s retail inflation sliding, strengthening hopes for a December rate cut.

3) US–India Trade Deal Hopes.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26013):
SUPPORT: 25921/25740
RESISTANCE: 26277/26750
RANGE: 25900-26200
BIAS: Positive
21 DMA: 25789
50 DMA: 25350
200 DMA: 24455

SENSEX (CMP 84951)
SUPPORT: 84581/84000
RESISTANCE: 85978/87000
RANGE: 84500-85400
BIAS: Positive
21 DMA: 84169
50 DMA: 82715
200 DMA: 80258

BANK NIFTY (CMP 58963)
SUPPORT: 58600/58000
RESISTANCE: 59300/60100
RANGE: 58600-59300
BIAS: Positive
21 DMA: 58050
50 DMA: 56455
200 DMA: 54293

Nifty: In Monday’s bullish session, Nifty witnessed massive strength — as optimism prevailed all-thru the trading session.

Nifty ended well above the dotted lines and the positive takeaway was that Nifty gained for 6th-straight day.

Nifty is still above its 21 DMA (25789), 50 DMA (25350) and its 100 DMA (25165). Nifty’s 200 DMA at 24455 mark.

Nifty’s hurdles seen 26277.35 mark.

Please note, confirmation of strength and momentum buying is now likely above 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25921/25740/25011 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26277 and then at 26750. Bullish bias prevails

Bank Nifty: Bank Nifty (+0.76%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most importantly, Bank Nifty ended in green for the 7th straight day. Bank Nifty’s new all-time-high still seen at 59001.55 mark.

Bank Nifty was seen slightly outperforming Nifty’s volatile action, ending 0.76% higher as against Nifty’s 0.40% gains.

Interestingly, Nifty PSU Banks ended 1.09% higher while Nifty Private Bank Index ended with 0.79% gains.

Intraday support for Bank Nifty now seen at 58600/58000/57157 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 59300 mark. Bank Nifty’s 200-DMA is placed at 54293 mark. Bias on Bank Nifty continues to be positive.

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: (-4968.20 crores)
DII: (+8461.50 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Upside breakout
F&O: 25000 – 26500 zone.

INDIA VIX 11.94 (-1.85%)
USD/INR Futures (November) (88.77)
NIFTY PCR (25th November) 0.97
Bank Nifty PCR (25th November) 0.92

Nifty Outlook: Cheer shall return to Dalal Street! A jubilant sentiment is expected as the NDA’s Bihar victory energizes the market mood.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25910):
SUPPORT: 25741/25600
RESISTANCE: 26277/26750
RANGE: 25850-26150
BIAS: Positive
21 DMA: 25756
50 DMA: 25324
200 DMA: 24440

SENSEX (CMP 84563)
SUPPORT: 84200/83100
RESISTANCE: 85978/87000
RANGE: 84300-85300
BIAS: Positive
21 DMA: 84058
50 DMA: 82628
200 DMA: 80214

BANK NIFTY (CMP 58518)
SUPPORT: 58000/57157
RESISTANCE: 59000/60100
RANGE: 58300-59300
BIAS: Positive
21 DMA: 57947
50 DMA: 56357
200 DMA: 54240

Nifty: In Friday’s rebounding session, Nifty witnessed sharp intraday swings — dipping early, then rebounding strongly, and finally ending above the dotted lines.

Nifty managed to end a tad above the dotted lines and the positive takeaway is that Nifty gained for 5th-straight day.

Nifty is still above its 21 DMA (25756), 50 DMA (25324) and its 100 DMA (25154). Nifty’s 200 DMA at 24440 mark.

Nifty’s hurdles seen 26277.35 mark.

Please note, confirmation of strength and momentum buying is now likely above 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25741/25600/25011 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26111 and then at 26277.35. Bullish bias prevails

Bank Nifty: Bank Nifty (+0.23%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most importantly, Bnak Nifty ended in green for the 6th straight day. Bank Nifty’s new all-time-high is at 58615.95 mark

Bank Nifty was seen slightly outperforming Nifty’s volatile action, ending 0.23% higher as against Nifty’s 0.12% gains.

Interestingly, Nifty PSU Banks ended 1.17% higher while Nifty Private Bank Index ended with 0.15% gains.

Intraday support for Bank Nifty now seen at 58000/57157/56600 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 59000 mark. Bank Nifty’s 200-DMA is placed at 54240 mark. Bias on Bank Nifty continues to be positive.

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: (-383.70 crores)
DII: (+3091.90 crores)
Sentiment: Neutral
Market Breadth: Neutral
Technicals: Desired Consolidation
F&O: 25000 – 26500 zone.

INDIA VIX 12.16 (+0.43%)
USD/INR Futures (November) (88.74)
NIFTY PCR (25th November) 1.00
Bank Nifty PCR (25th November) 0.94

Nifty Outlook: A cautious start on cards but celebration is quite likely if NDA returns to power in Bihar!

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25879):
SUPPORT: 25700/25100
RESISTANCE: 26277/26750
RANGE: 25750-26100
BIAS: Positive
21 DMA: 25719
50 DMA: 25298
200 DMA: 24427

SENSEX (CMP 84479)
SUPPORT: 84000/83100
RESISTANCE: 85978/87000
RANGE: 83700-85700
BIAS: Positive
21 DMA: 83937
50 DMA: 82540
200 DMA: 80174

BANK NIFTY (CMP 58382)
SUPPORT: 57700/56600
RESISTANCE: 58577/59500
RANGE: 57700-58900
BIAS: Positive
21 DMA: 57851
50 DMA: 56260
200 DMA: 54190

Nifty: In Thursday’s volatile session, Nifty witnessed sharp intraday swings — dipping early, then rebounding strongly, and finally sliding towards the close.

Nifty however managed to end a tad above the dotted lines and the positive takeaway is that Nifty gained for 4th-straight day.

Nifty is still above its 21 DMA (25719), 50 DMA (25298) and its 100 DMA (25146). Nifty’s 200 DMA at 24427 mark.

Please note, confirmation of strength now only above 26110 mark.

The technical landscape suggests Nifty’s major support at 25701/25500/25011 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26111 and then at 26277.35. Bullish bias prevails

Bank Nifty: Bank Nifty (+0.18%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most importantly, Bnak Nifty ended in green for the 5th straight day. Bank Nifty’s new all-time-high still seen at 58577.50 mark

Bank Nifty was seen slightly outperforming Nifty’s volatile action, ending 0.18% higher as against Nifty’s 0.70% gains.

Interestingly, Nifty PSU Banks ended 0.62% higher while Nifty Private Bank Index ended with 0.01% gains.

Intraday support for Bank Nifty now seen at 57700/57157/56600 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 58577 mark. Bank Nifty’s 200-DMA is placed at 54190 mark. Bias on Bank Nifty continues to be positive.

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: (-1750.03 crores)
DII: (+5127.12 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Upside Breakout
F&O: 25500 – 26500 zone.

INDIA VIX 12.11 (-3.04%)
USD/INR Futures (November) (88.69)
NIFTY PCR (25th November) 0.98
Bank Nifty PCR (25th November) 0.94

Nifty Outlook: Nifty is expected to stage a spirited bullish session, with bullish momentum likely to remain in full force and drive a strong recovery across the board.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25876):
SUPPORT: 25751/25500
RESISTANCE: 26277/26750
RANGE: 25800-26100
BIAS: Positive
21 DMA: 25688
50 DMA: 25272
200 DMA: 24413

SENSEX (CMP 84467)
SUPPORT: 84000/83100
RESISTANCE: 85978/87000
RANGE: 84100-85500
BIAS: Positive
21 DMA: 83835
50 DMA: 82457
200 DMA: 80133

BANK NIFTY (CMP 58275)
SUPPORT: 57900/57157
RESISTANCE: 58577/59500
RANGE: 57900-58900
BIAS: Positive
21 DMA: 57767
50 DMA: 56173
200 DMA: 54142

Nifty: In Wednesday’s trade, Nifty started the session on the front foot and the positive takeaway was that bulls marched from strength to strength as the buying momentum prevailed all thru the trading session. Nifty ended way above the dotted lines.

Nifty is still above its 21 DMA (25688), 50 DMA (25272) and its 100 DMA (25135). Nifty’s 200 DMA at 24413 mark.

Please note, confirmation of strength now only above Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25751/25500/25011 mark.

Nifty’s hurdles seen 26277.35 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. Bullish bias prevails

Bank Nifty: Bank Nifty (+0.23%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most importantly, Bank Nifty ended in green for the 4th straight day. Bank Nifty’s new all-time-high still seen at 58577.50 mark.

Bank Nifty was seen slightly mirroring Nifty’s rebounding action, ending 0.23% higher as against Nifty’s 0.70% gains.

Interestingly, Nifty PSU Banks ended 0.62% higher while Nifty Private Bank Index ended with 0.29% gains.

Intraday support for Bank Nifty now seen at 57900/57157/56600 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 58577 mark. Bank Nifty’s 200-DMA is placed at 54142 mark. Bias on Bank Nifty continues to be positive after yesterday’s consolidative bullish 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: (-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.

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