Invalid date
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 -2.34%, S&P 500 CFD index lost by -1.66%.
- European Markets: FTSE CFD down by -1.41%, DAX CFD decreased by -1.01%.
- Asian Markets: KOSPI fell by -3.97%, Taiwan Weighted index down by -1.85%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,879.15
Previous Day Change:
30.90 (0.12%)
Intraday Supports:
25,697.12
Intraday Resistances:
26,101.72
- The NIFTY50 is showing signs of a potential uptrend after a consolidation period around the 25,800 level Key support is found at 25,775, while immediate resistance is at 25,950 A significant volume spike occurred post2:30 pm, indicating strong buying interest potentially supporting bullish momentum A breakout above 25,950 on sustained volume could push the index toward 26,000
Bank Nifty Outlook
#StreetOpen
Previous Close:
58,381.95
Previous Day Change:
135.60 (0.23%)
Intraday Supports:
57,886.15
Intraday Resistances:
58,863.85
- Bank Nifty is showing a strong uptrend with a breakout above 58,500
- Immediate resistance is at 58,590, while key support lies at 58,320
- Significant volume spike observed during the recent price surge, indicating strong momentum
- Potential bullish continuation if resistance at 58,590 is surpassed
Previous Day's Market Breadth
Total Advancing Stocks
1483
Total Declining Stocks
1623
Advance-Decline Ratio
0.914
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
14
Declining Sectors
6
Advance-Decline Ratio
2.333
Sector Rotation Analysis
Key Sector Trends
Miscellaneous
Tenneco Clean Air India IPO sees moderate subscription with a positive grey market premium.
Finance
RBI intervenes in the offshore market to stabilize the rupee as it nears a record low.
FMCG
Jubilant Foodworks outperforms peers with a significant surge in share price post Q2 results.
Finance
Muthoot Finance benefits from strong gold loan demand, boosting Q2 earnings.
Pre-Market News
- LG Electronics:LG Electronics shares drop up to 5% after newly-listed firm's net profit declines, margins contract in Q2.
- Jubilant Foodworks:Jubilant Foodworks shares surge 9% after Q2 results, outperforming peers despite challenges.
- Muthoot Finance:Muthoot Finance shares jump 10% as strong gold loan demand amid soaring prices boosts Q2 earnings.
Stocks to Watch
Tata Steel
Q2 net profit rises 272% to Rs 3,102 crore.
Nazara
Q2 net profit at Rs 885 crore versus Rs 16 crore, YoY.
Mishra Dhatu
Q2 net profit down 45.63% at Rs 12.95 crore versus Rs 23.82 crore, YoY.
Our Top Research Calls (Previous Day)
Which Stock Should You Buy in Your Next Trade?
Get Started Now
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.
New to trading? Our hand-holding support makes getting started easy!
Join Streetgains Today! Pay for Successful Research Calls - Credit Based Subscription.
Get Started Now
