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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: Negative
Major global indices are showing negative trends, indicating a unfavorable environment for Indian markets.
- U.S. Markets: S&P 500 CFD closed up by -0.13%, Nasdaq CFD index lost by -0.07%.
- European Markets: FTSE CFD up by 0.22%, DAX CFD increased by 0.1%.
- Asian Markets: KOSPI fell by -1.06%, Taiwan Weighted index down by -0.75%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,239.10
Previous Day Change:
91.15 (0.36%)
Intraday Supports:
24,999.37
Intraday Resistances:
25,381.27
- NIFTY50 is currently in an uptrend with a series of higher highs and higher lows
- Key support is at 25,260, while immediate resistance is around 25,340
- A noticeable volume spike is observed around 14:45, indicating strong buying interest
- A sustained move above 25,340 could drive the index towards further highs
Bank Nifty Outlook
#StreetOpen
Previous Close:
55,147.60
Previous Day Change:
345.70 (0.63%)
Intraday Supports:
54,629.23
Intraday Resistances:
55,444.63
- Bank Nifty is in a clear uptrend with higher highs and higher lows
- Key support is at 55,360, while immediate resistance is observed at 55,500
- Significant volume spikes occurred around 14:45, indicating strong buying interest
- Sustained break above 55,500 could trigger further bullish momentum
Previous Day's Market Breadth
Total Advancing Stocks
1760
Total Declining Stocks
1317
Advance-Decline Ratio
1.336
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
15
Declining Sectors
5
Advance-Decline Ratio
3.0
Sector Rotation Analysis
Key Sector Trends
Miscellaneous
VMS TMT IPO sees a significant rise in GMP, indicating strong investor interest.
Construction Materials
Cement stocks are gaining due to positive profitability outlook and pricing discipline.
Banks
PSU Bank stocks rise as Nifty PSU Bank index extends its winning streak.
Capital Goods
Defence shares rally due to strong investor interest and new procurement approvals.
Pre-Market News
- SBI:SBI shares gain 1.5% as PSU lender completes 13.18% Yes Bank stake sale for Rs 8,889 cr to SMBC.
- MCX:MCX shares rally 5 percent as Sebi chair Tuhin Kanta talks of steps to revive commodity derivatives.
- IT stocks:IT stocks gain for 2nd day on hopes of Fed rate cut, benefiting companies with US revenue.
Stocks to Watch
Angel One
Company forms JV with Angel One LivWell Life Insurance; to invest Rs 104 crore to hold 26% equity.
Railtel
Company bags orders from Bihar government worth Rs 105 crore.
John Cockerill
Company receives order worth Rs 80 crore from Tata Steel.
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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