GIFT Nifty 🇮🇳: (+135, 25955)
Market Recap:
Bulls turned victorious in Tuesday’s trade as Nifty witnessed a spirited comeback, with bullish momentum regaining traction.
The Road Ahead:
Nifty bulls are likely to be everywhere at Dalal Street…
Well, if Nifty’s last two-trading session is any indication then we suspect, Nifty’s all-time-high at 26277.35 mark should reach sooner than later.
The Good News: Nifty is likely to start the day with solid gains after Bihar’s exit polls indicated a decisive win for the BJP–JD(U) alliance, with most pollsters on Tuesday forecasting a landslide victory for the ruling coalition and a major setback for the Tejashwi Yadav-led Mahagathbandhan.
The other 3-Positive Catalysts:
1) US–India Trade Deal Hopes.
2) Expectations of an End to the US Shutdown.
3) Fed Rate Cut Buzz.
The 2-Headwinds:
1) Delhi Bomb Blast could dent sentiments. Delhi on high alert after the explosion.
2) FIIs sell in Tuesday’s bullish session to the tune of Rs. 803 Crores.
Technically Speaking:
A breakout above 26,107 will confirm renewed strength and open the door to fresh record highs. For Wednesday’s trade, Nifty will face hurdles at 25827 mark.
The gyan mantra for bullish traders: Stay positive as long as Nifty holds above the 25,318 support zone.
STOCKS IN SPOTLIGHT:
1) Atul Auto (+7.95%) surged after the company’s consolidated net profit zoomed 69.5% to Rs 9.17 crore in Q2 FY26 as against Rs 5.41 crore posted in Q2 FY25.
2) Borosil Renewables (+3.57%) gained after posting a net profit of Rs 61.6 crore in Q2 FY26, compared to a loss of Rs 13.1 crore in the same period last year (Q2 FY25).
3) Gokaldas Exports (+5.57%) surged after President Trump remarked that India and the US are “getting close” to finalizing a “very fair-trade deal.” The optimism over potential tariff reductions sparked buying interest, as lower duties could significantly benefit Indian textile exporters like Gokaldas.
4) Bharat Forge (+5.62%) rallied after posting Q2 results that surpassed Street expectations. While Trump’s tariff measures triggered a sharp 63% year-on-year decline in US-bound commercial vehicle exports, the company managed to deliver a robust high single-digit revenue growth.
Key domestic macro-economic indicator to take center stage on Wednesday, 12 November 2025.
1) Consumer inflation data.
2) M3 Money Supply report for the week ended 31 October.
Bottom Line:
Nifty is rising again. There is a bright chance that Nifty’s 26000 could be the Next Stop.
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25695): Buy at CMP. Stop 25151. Targets 25827/26100. Aggressive targets at 26277.35-26500 zone.
Bank Nifty (58138): Buy at CMP. Stop at 56951. Targets 58577/58907. Aggressive targets at 59300-59700 zone.
Our chart of the day is bullish on BEL, INDIGO and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy M&M (CMP 3749): Buy at CMP. Stop at 3641. Targets 3813/3909. Aggressive targets at 4051. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3569. Major hurdles only at 3813 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3130.
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