GIFT Nifty 🇮🇳: (-32, 25887)
Before we start, here is a gentle reminder that our stock markets will remain closed on Wednesday, November 5th 2025 on account of Guru Nanak Jayanti.
Now to the big question of the day: Will the bulls stage a comeback, or will caution continue to weigh on sentiment?
Strictly speaking, Nifty’s record peak of 26,277.35 may remain just out of reach for now, as investors adopt a wait-and-watch approach with a mildly negative bias toward Indian equities.
Key Headwinds:
1) The Fed’s ambiguous stance on a potential December rate cut.
2) Lack of clarity in the ongoing U.S.–India trade negotiations.
3) Muted Q2 earnings season from India Inc.
Our call of the day suggests that the session is likely to see intense back-and-forth action, with bears resisting every upward move, keeping volatility elevated.
Technically speaking, confirmation of strength is only above the 26107 mark. For Tuesday’s trade, Nifty 25927 will act as a big hurdle.
Long Story Short: Technically, look for buying only above Nifty 26107 mark.
STOCKS IN SPOTLIGHT:
Vodafone Idea: In yesterday’s trade, shares of Vodafone Idea (+9.74%) zoomed higher towards its 10% upper circuit after the Supreme Court clarified that the government is free to consider relief on both additional and reassessment of the AGR dues.
Q2 earnings for the day:
SBI
M&M
ADANI PORTS
ADANI ENTERPRISES
INDIGO
INDIAN HOTELS
PAYTM
SUZLON ENERGY
ESCORTS
GRSE.
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25763): Sell between 25850-25900 zone. Stop at 26421. Targets 25600/25451. Aggressive targets at 24900-25101 zone.
Bank Nifty (58101): Sell at CMP. Stop at 58951. Targets 57351/57000. Aggressive targets at 56600-56700 zone.
Our chart of the day is bullish on APOLLO HOSPITAL, BHARAT DYNAMICS (BDL) and M&M on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy M&M (CMP 3549): Buy at CMP. Stop at 3421. Targets 3611/3721. Aggressive targets at 4000. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3451. Major hurdles only at the 3721 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3113.
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