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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 0.57%, S&P 500 CFD index gained by 0.46%.
- European Markets: DAX CFD up by 0.53%, FTSE CFD increased by 0.24%.
- Asian Markets: Jakarta Composite CFD fell by -0.55%, KOSPI index down by -0.21%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,177.15
Previous Day Change:
-35.05 (0.13%)
Intraday Supports:
26,062.08
Intraday Resistances:
26,291.08
- The Nifty50 is currently in a consolidation phase after an initial uptrend
- Key support level is at 26,120, while resistance is observed around 26,200
- Volume spikes indicate increased activity near support levels, suggesting a possible reversal
- A bullish breakout above 26,200 could lead to further gains toward 26,240
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,299.55
Previous Day Change:
-115.95 (0.20%)
Intraday Supports:
59,120.62
Intraday Resistances:
59,491.82
- Bank Nifty is currently in a downtrend with lower highs and lower lows forming
- Key resistance is around 59,400 with immediate support at 59,100
- Significant volume increase at the recent downturn indicates strong bearish momentum
- A further decline below 59,100 could lead to potential bearish continuation
Previous Day's Market Breadth
Total Advancing Stocks
1361
Total Declining Stocks
1770
Advance-Decline Ratio
0.769
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
6
Declining Sectors
14
Advance-Decline Ratio
0.429
Sector Rotation Analysis
Key Sector Trends
Banks
Citi sees Indian banks reporting modest Q3 profit growth with a positive outlook on HDFC Bank and Kotak Mahindra Bank.
Oil & Gas
BP plans to sell a 65% stake in Castrol to Stonepeak for $6 billion, aiming to reduce net debt.
Finance
India's state debt is expected to increase significantly, with borrowing projected to rise by 60% in the coming months.
Healthcare
Apollo Hospitals' shares rise as NSE approves the demerger of its pharmacy and digital health businesses.
Sectors to Watch
Sector - News
Finance
Manappuram and IIFL Finance stocks rise as gold prices hit new highs.
Capital Goods
Vikran Engineering shares rally after winning a significant Rs 2,035-crore order.
Metals & Mining
Coal India shares rise after board approves listing of two subsidiaries.
Pre-Market News
- Bharat Dynamics:Bharat Dynamics shares jump 5% after DRDO completes user evaluation trials of Akash-NG system.
- Coal India:Coal India shares jump 3% after board gives in-principle nod to list two subsidiaries.
- Vikran Engineering:Vikran Engineering shares rally 15% after firm wins Rs 2,035-crore order.
Stocks to Watch
Monte Carlo
Receives orders worth Rs 147 crore from MPUVNL for solar PV based power plants.
Belrise Ind
Company signs exclusive teaming & strategic agreement with Israel-based Plasan SASA.
Endurance Techn
Cyber security indecent at IT Infra.
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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