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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 opened up by 0.89%, S&P 500 CFD index gained by 0.58%.
- European Markets: CAC CFD down by -0.36%, FTSE CFD decreased by -0.04%.
- Asian Markets: KOSPI rose by 2.44%, Nikkei 225 CFD index up by 1.26%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,891.40
Previous Day Change:
-96.25 (0.37%)
Intraday Supports:
25,710.93
Intraday Resistances:
26,194.43
- NIFTY50 is currently in a downtrend with a series of lower highs and lower lows
- Key resistance is at 25,880, while support is observed around 25,720
- Significant volume spike indicated at the recent low, suggesting a potential reversal
- A move above 25,840 could signal a shortterm bullish reversal
Bank Nifty Outlook
#StreetOpen
Previous Close:
58,078.05
Previous Day Change:
-378.45 (0.65%)
Intraday Supports:
57,576.28
Intraday Resistances:
58,828.38
- Bank Nifty is currently in a downtrend with a recent attempt at a minor recovery
- Key resistance is at 57,850, with support around 57,500
- Volume shows a significant spike during the selloff, indicating strong bearish momentum
- A break above 57,850 may signal a bullish reversal potential
Previous Day's Market Breadth
Total Advancing Stocks
1235
Total Declining Stocks
1849
Advance-Decline Ratio
0.668
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
5
Declining Sectors
15
Advance-Decline Ratio
0.333
Sector Rotation Analysis
Key Sector Trends
FMCG
India's shift towards premium products is driving growth for companies like M&M, InterGlobe Aviation, and DLF.
Banks
Bank Nifty experiences profit booking, with significant losses in private banks like Kotak Mahindra, Axis, and HDFC Bank.
Metals & Mining
Metal stocks rally despite market downturn, driven by factors such as demand and pricing.
Capital Goods
Defence shares rise due to a Rs 79,000-crore procurement boost, benefiting companies like BEL, BDL, and GRSE.
Pre-Market News
- Cipla:Cipla shares fall 3% after Eli Lilly deal to market weight-loss drug in India.
- Nifty 50 Index:Sensex declines 400 pts from day's high, Nifty below 25,800 due to profit booking.
- Thyrocare Technologies:Thyrocare promoter Docon Technologies sells 10% stake for Rs 668 crore.
Stocks to Watch
RBL Bank
Bank to sell majority stake to Emirates NBD in Rs 26,850 crore deal.
ICICI Bank
Q2 net profit up 5% YoY to Rs 12,359 crore, NII up at Rs 21,529.5 crore.
HDFC Bank
Q2 net profit rises 11% YoY to Rs 18,641 crore, NII up 4.8% year-on-year to Rs 31,551.5 crore.
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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