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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: Nasdaq CFD closed up by -2.16%, S&P 500 CFD index lost by -1.55%.
- European Markets: DAX CFD down by -1.22%, CAC CFD decreased by -0.63%.
- Asian Markets: KOSPI fell by -3.93%, Taiwan Weighted index down by -3.75%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
26,192.15
Previous Day Change:
-129.95 (0.50%)
Intraday Supports:
25,983.88
Intraday Resistances:
26,350.78
- NIFTY50 is consolidating after a sharp uptrend
- Immediate resistance is at 26,150 with support around 26,000
- Significant volume spike on the initial rising trend indicates strong buying interest
- Potential bullish movement if it breaks above 26,150 resistance level
Bank Nifty Outlook
#StreetOpen
Previous Close:
59,347.70
Previous Day Change:
-495.85 (0.84%)
Intraday Supports:
58,989.50
Intraday Resistances:
59,619.20
- Bank Nifty is currently in a downtrend after a peak, showing lower highs and lows
- Key support is around 58,800, while resistance is near 59,200
- Significant volume spikes are visible during the downward movement, indicating strong selling pressure
- A breach below 58,800 could lead to further bearish momentum
Previous Day's Market Breadth
Total Advancing Stocks
0
Total Declining Stocks
0
Advance-Decline Ratio
inf
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
8
Declining Sectors
12
Advance-Decline Ratio
0.667
Sector Rotation Analysis
Key Sector Trends
Miscellaneous
SEBI is working on rules for limited exposure to under-construction projects and preparing conditions for possible index inclusion of REITs.
Automobile & Ancillaries
M&M's growth strategy focuses on electric vehicles with a defined path to profitability.
Metals & Mining
Nifty Metal index falls due to policy extension stoking steel import concerns.
Finance
MF scheme launches surge 12% YoY, with equity schemes leading the growth.
Pre-Market News
- Hindalco:Hindalco hit by Novelis plant fire, leading to a 2% drop in shares.
- Groww:Groww shares jump 7% ahead of Q2 results, m-cap back above Rs 1 lakh crore.
- S&P 500:Wall Street futures rise up to 1.5% after Nvidia relief; traders await US jobs report.
- Nifty 50 Index:Nifty Bulls aim for fresh peak despite global cues; key levels to watch.
Stocks to Watch
AWL Agri
Adani Commodities LLP is likely to sell up to 7% stake in company via block deals.
Zaggle Prepaid
Company enters into agreement with BIBA Fashion.
JSW Energy
Company gets approval for corporate insolvency resolution plan of Raigarh Champa Rail 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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