GIFT Nifty 🇮🇳: (-97, 25827)
STOCK MARKET NEWS:
Market Recap:
In yesterday’s trade, Nifty witnessed sharp intraday swings — dipping early, then rebounding strongly, and finally sliding towards the close.
The positive takeaway however was that Nifty gained for 4th-straight day.
The Road Ahead:
Our call of the day suggests Nifty’s all-time-high at 26277.35 should reach sooner than later.
The Biggest Catalyst to Watch:
Traders prepare for the outcome of Bihar Assembly election to trickle in this Friday, November 14th..
Investor sentiment shall remain upbeat if the National Democratic Alliance (NDA) returns to power in Bihar.
The 4-Positive Catalysts:
1) India’s CPI inflation eased to record lows, sparking renewed calls for the RBI to accelerate rate cuts in the coming policy meetings.
2) US–India Trade Deal Hopes – Renewed confidence as both nations move closer to sealing a trade pact.
3) Fed Rate Cut Buzz – Markets are pricing in a policy easing that could inject fresh liquidity.
4) Crude oil futures have plunged, slipping toward $58 per barrel, as OPEC signalled a comfortable supply outlook.
The Biggest Headwinds:
FIIs sell in Thursday’s bullish session to the tune of Rs. 384 Crores.
This November month, FIIs have already sold to the tune of Rs. 8684.50 Cr.
Technically Speaking:
A breakout above 26,111 will confirm renewed strength and open the door to fresh record highs.
The gyan mantra for bullish traders: Stay positive as long as Nifty holds above the 25,700 support zone.
Bottom Line:
Volatility is likely to be the hallmark but there’s a strong possibility that Nifty’s next stop could be 26,000.
A bullish celebration may well unfold if the NDA secures victory in the Bihar elections, reinforcing political stability and boosting market sentiment.
STOCKS IN SPOTLIGHT:
1) Infibeam Avenues (+8.38%) spiked after posting strong Q2 earnings, with profit after tax rising 51% year-on-year to ₹66.52 crore.
Revenue from operations also soared 93.27% to ₹1,964.91 crore in Q2 FY26 versus Q2 FY25, driven by robust performance across its digital payments and e-commerce solutions businesses.
2) Honasa Consumer (+5.95%) jumped after the company reported a net profit of Rs 39 crore in Q2 FY26 as against a net loss of Rs 19 crore recorded in Q2 FY25.
Revenue from operations rose by 16.5% year-over-year (YoY) to Rs 538 crore during the quarter
3) Samvardhana Motherson International (+5.36%) gained after its Q2 FY26 Revenue Rose to ₹30,173 Crore; Profit Up 15% YoY
4) Muthoot Finance (+2.26%) gained after delivering a strong Q2FY26 performance with an 87% jump in profit, robust loan growth, and record consolidated AUM of ₹1.48 trillion, supported by steady lending momentum
Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25879): Buy at CMP. Stop 25393. Targets 26000/26277. Aggressive targets at 26700-27000 zone.
Bank Nifty (58382): Buy at CMP. Stop at 57051. Targets 58577/58907. Aggressive targets at 59300-59700 zone.
Our chart of the day is bullish on POLYCAB, INDIGO and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy POLYCAB (CMP 7721): Buy at CMP. Stop at 7491. Targets 7903/8021. Aggressive targets at 8100. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 7239. Major hurdles only at 7903 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 6377.
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