Nifty Today: The index is expected to consolidate in a range between 23,200 on the downside and 24,200 on the upside. A breakout beyond this range will trigger a decisive move
Technical chart shows that the Nifty Next 50 index looks weak and could slide towards 58,670 - implying an over 11% fall from present levels, whereas on the upside can jump by 6% to 70,200 levels.
Capital market-related stocks like KFin Technologies, Motilal Oswal Financial Services, BSE, and Central Depository Services (India) are on the top of the list, zooming up to 201 per cent in CY24.
Among the standout performers, GE Vernova T&D India surged a staggering 318.2 percent, closing at Rs 2,104.9 on December 24. KFin Technologies also made a giant leap, climbing 206 per cent to Rs 1,477
The closure applies to equity, equity derivatives, SLB, and currency derivatives segments. Commodity markets will also remain shut during both morning and evening sessions
Nifty 50 today: Any level below 24,300 would confirm the bearish trend reversal for the short term, which could drag the Nifty towards an immediate support of 24,180, says Vinay Rajani
Stocks to Buy Today: Infosys share price has recently broken out of a three-month consolidation phase and reclaimed its all-time high. We expect this upward momentum to persist
Recently, the stock has demonstrated a strong bullish gap, showcasing its ability to maintain a position above all major EMAs on the daily chart, which supports a positive outlook
F&O cues for Nov 06: The Nifty options data reflects a cautious outlook, with call writing significantly outpacing put activity, says Dhupesh Dhameja of SAMCO Securities.
The NSE Nifty had hit 58 record highs in calendar year 2021. Additionally, the index has rallied on an average 27% from its calendar year lows in the last 5 years; and is up 21% thus far this year.
