GIFT Nifty 🇮🇳: (-78, 25324)
There is good news for bulls camp…
1) President Donald Trump suggested he may scale back his threat to impose steep new tariffs on China.
2) The trading at Dalal Street still revolves around PM Narendra Modi speaking with U.S. President Donald Trump, reaffirming commitment toward advancing the India–U.S. trade pact — a development that shall strengthen investor sentiment at Dalal Street.
Earlier, Commerce & Industry Minister Piyush Goyal had emphasized that both nations are in continuous dialogue, expressing confidence that the bilateral trade deal could be finalized by November.
Together, these signals could fuel renewed enthusiasm among traders betting on a sustained bullish momentum for Nifty.
Long Story Short: The only thing which could glitter brighter than Gold and Silver could well be the Nifty index – confirmation of strength only above Nifty 25670 mark.
Q2 Indian corporate earnings to trickle in this week:
• Monday, October 13 – HCL Technologies, Just Dial, Anand Rathi Wealth,
• Tuesday, October 14 – ICICI Lombard, ICICI Prudential, Persistent Systems, and Tech Mahindra.
• Wednesday, October 15 – Axis Bank, HDFC AMC, and HDFC Life.
• Thursday, October 16 – Heavyweights Infosys, Jio Financial, LTIMindtree, Mastek, Nestlé India, Wipro, and Zee Entertainment.
• Friday, October 17 – Reliance Industries, the centerpiece of the earnings season.
Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25285): Buy between 25000-25050 zone. Stop at 24771. Targets 25305/25450. Aggressive targets at 25600-25670 zone.
Bank Nifty (56610): Buy between 56000-56100 zone. Stop at 54950. Targets 56750/56900. Aggressive targets at 57300-57700 zone.
Our chart of the day is bullish on HUDCO, DLF, and HAL on any early excessive intraday weakness with an interweek/Intermonth perspective.
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