May 7, 2025
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 : 06-05-2025
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: Dow Jones CFD closed up by -0.95%, Nasdaq CFD index lost by -0.87%.
- European Markets: DAX down by -0.41%, CAC decreased by -0.4%.
- Asian Markets: Hang Seng rose by 1.29%, Jakarta Composite index up by 0.93%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
24,461.15
Previous Day Change:
-81.55 (0.33%)
Intraday Supports:
24,229.17
Intraday Resistances:
24,584.87
Note: Support and Resistance level for the day, calculated based on price range of the previous trading day.
- NIFTY50 is experiencing a shortterm downtrend with consistent lower highs and lows
- Immediate support is around 24,300, while resistance is near 24,450
- Notable volume spikes around 24,350 suggest potential for increased volatility
- Bearish momentum could accelerate if support at 24,300 is breached
Bank Nifty Outlook
#StreetOpen
Previous Close:
54,919.50
Previous Day Change:
-648.10 (1.18%)
Intraday Supports:
53,629.77
Intraday Resistances:
55,357.77
Note: Support and Resistance level for the day, calculated based on price range of the previous trading day.
- Bank Nifty is in a clear downtrend with lower highs and lower lows visible
- Key resistance is seen at 54,800, while immediate support lies at 54,100
- A significant volume spike occurred around noon on the 5th, indicating potential bearish pressure
- A break below 54,100 could lead to further downside, while a reversal above 54,800 may indicate bullish momentum
Previous Day's Market Breadth
Total Advancing Stocks
545
Total Declining Stocks
2331
Advance-Decline Ratio
0.234
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
Pre-Market News
- Exide Industries:Exide Industries in advanced talks with 2Ws, 3W player for battery manufacturing.
- Mahindra and Mahindra:Buy Mahindra and Mahindra; target of Rs 3,500: ICICI Securities.
- Bajaj Finserv:Buy Bajaj Finserv; target of Rs 2350: Sharekhan.
Stocks to Watch
One 97 Comm
Q4 net loss at RS 544.6 crore Vs loss of Rs 550.5 crore, YoY
Nifty 50 Index
Q4 net profit at Rs 494 crore Vs RS 107 crore, YoY
Godrej Consumer
Q4 net profit at Rs 412 crore Vs loss of Rs 1,893.2 crore, YoY
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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