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Indices
Note :
- 'Open' prices are based on pre-market indicators and may differ slightly at actual market open.
- Traders are advised to wait for the first 30 minutes of trading to gauge market direction more accurately.
- Always use proper risk management techniques, especially on days with higher volatility.
Top Gainers and Losers :
Top Gainers
Top Losers
Note :
- Last Price and Change are as of market open.
- Volume represents the number of shares traded in the first 15 minutes of trading.
- 52-Week High and Low are based on the previous trading day's close.
Global Markets Overview: Positive
Major global indices are showing positive trends, indicating a favorable environment for Indian markets.
- U.S. Markets: Nasdaq CFD closed up by -0.76%, S&P 500 CFD index lost by -0.74%.
- European Markets: FTSE CFD up by 0.44%, DAX CFD increased by 0.29%.
- Asian Markets: Hang Seng CFD rose by 2.68%, KOSPI index up by 2.22%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,146.55
Previous Day Change:
182.00 (0.70%)
Intraday Supports:
26,068.35
Intraday Resistances:
26,236.65
- NIFTY50 is in a strong uptrend as indicated by rising moving averages
- Key support is seen around 26,275 while resistance is near 26,350
- Significant volume spike observed around midday suggests increased buying interest
- Potential bullish continuation if price sustains above 26,350 resistance level
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,711.55
Previous Day Change:
439.40 (0.74%)
Intraday Supports:
59,501.25
Intraday Resistances:
59,848.35
- Bank Nifty is in a strong uptrend with higher highs and lows
- Resistance is around 60,200 while support is near 59,800
- Volume spikes align with upward movement, indicating buying strength
- Potential breakout above current resistance could see further bullish momentum
Previous Day's Market Breadth
Total Advancing Stocks
2247
Total Declining Stocks
895
Advance-Decline Ratio
2.511
Sector Watch
Note :
- Sector performance is based on the first 30 minutes of trading.
- Individual stock movements within sectors may vary.
- Investors should consider their risk appetite and investment horizon before making decisions based on short-term sector movements.
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
16
Declining Sectors
4
Advance-Decline Ratio
4.0
Sector Rotation Analysis
Key Sector Trends
Metals & Mining
Coal India shares rise as company permits direct foreign participation in e-auction.
FMCG
FMCG index falls as ITC's market cap erodes significantly due to excise duty on cigarettes.
Finance
Adani Enterprises plans a public bond issue with a greenshoe option.
Telecom
Vodafone Idea shares rise as AGR dues are expected to be halved after reassessment.
Sectors to Watch
Sector - News
Manufacturing
Devyani International and Sapphire Foods announce merger deal.
FMCG
ITC shares fall to a fresh 52-week low on multiple rating downgrades.
Electricals
MCX adjusts to a 1:5 stock split, shares hit a fresh 52-week high.
Pre-Market News
- Vodafone Idea:Vodafone Idea shares jump 4% as AGR dues to be halved after reassessment.
- MCX:MCX adjusts to 1:5 stock split, stock jumps 4% to hit a fresh 52-week high.
- Ola Electric:Ola Electric shares settle 4% higher as firm reports higher MoM market share in December.
Stocks to Watch
Hero Motocorp
Total sales up 40% at 4.56 lakh units against 3.24 lakh units, YoY.
TVS Motor
Total sales up 50% at 4.81 lakh units versus 3.21 lakh units, YoY.
Time Technoplast
Gets PESO approval to manufacture & supply high pressure cylinders of 2 liter capacity.
Our Top Research Calls (Previous Day)
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About Author
Santhosh Kumar V.
Founder, CEO Streetgains
Santhosh is a technical analyst, market researcher, educator and trader with 10+ years of experience. He is an expert in the area of patterns, price and time analysis as it applies to futures, Forex, and stocks.
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