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Dear Trader…

Markets extended their decline, losing nearly 1.3% as the corrective phase continued. The session started on a weak note, but selling pressure intensified in the latter half, dragging the Nifty closer to 23,000 before settling at 23,153.15. In line with the benchmark, all major sectors ended lower, with realty, auto, and energy leading the losses. Additionally, a sharp sell-off in midcap and smallcap stocks further dampened sentiment.

The Nifty’ drop below 23,200 has derailed the recovery prospects, with a potential retest of 22,808 ahead. However, the bigger concern is managing positions in midcap and smallcap stocks, which are witnessing heavy selling and appear more vulnerable. Traders should adopt a cautious stance, prioritizing risk management in the current market environment.

Nifty futures opened at 23421 points against the previous close of 23459 and opened at a low of 23060 points. Nifty Future closed with an average movement of 410 points and a decline of around 306 points and 23153 points…!!

On the NSE, the midcap 100 index will decline 3.02% and smallcap 100 index is closing decline 3.45%. Speaking of various sectoral indices, Realty, Media, Healthcare, Auto and PSU Bank stocks saw heavy selling on the NSE, while all other sectoral indices also closed lower.

At the start of intra-day trading, April gold opened at Rs.86306, fell from a high of Rs.86360 points to a low of Rs.85350 with a decline of 462 points, a trend of around Rs.85354 and March Silver opened at Rs.95042, fell from a high of Rs.95221 points to a low of Rs.93959 with a decline of 1245 points, a trend of around Rs.94050.

Meanwhile, The FIIs as per Tuesday’s data were net sellers in equity and debt segments both, according to data released by the NSDL. In equity segment, the gross buying was of Rs 10173.42 crore against gross selling of Rs 12470.54 crore. Thus, FIIs stood as net sellers of Rs 2297.12 crore in equities.

In the debt segment, the gross purchase was of Rs 250.11 crore with gross sales of Rs 2356.74 crore. Thus, FIIs stood as net sellers of Rs 2106.63 crore in debt. Of the total debt, FIIs stood as net seller in Debt-General Limit segment at Rs 1368.17 crore, they stood at net sellers in Debt-VRR segment at Rs 247.39 crore, while net sellers in Debt-FAR segment at Rs 491.07 crore.

In the hybrid segment, the gross buying was of Rs 22.84 crore against gross selling of Rs 52.23 crore. Thus, FIIs stood as net sellers of Rs 29.39 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 23303 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23404 – 23474 levels. Immediate support is placed at 23088 – 23008 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing / trading, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets took a pause after the recent rally and ended slightly lower. Following an initial uptick, Nifty future remained range-bound throughout the session and ultimately settled at 23772.60. Sectoral trend was mixed, with metals and energy registering decent gains, while realty and FMCG remained under pressure.

Going forward, the Nifty index may continue to consolidate after its recent surge, but the broader trend remains positive unless there is a decisive close below the 23474 level. With all key sectors contributing to the rally on a rotational basis, traders should focus on stock selection and prioritize accumulating fundamentally strong stocks during dips.

All eyes are now on the RBI monetary policy committee (MPC) meeting on February 7, which could announce a rate cut for the first time in the last five years, as well as the Delhi Assembly election results to be out on February 8.

Nifty futures opened at 23825 points against the previous close of 23785 and opened at a low of 23755 points. Nifty Future closed with an average movement of 98 points and a decline of around 12 points and 23772 points…!!

On the NSE, the midcap 100 index will rise 0.68% and smallcap 100 index is closing rise 1.85%. Speaking of various sectoral indices only Realty, FMCG, Consumer Durables and Auto stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, February gold opened at Rs.84362, fell from a high of Rs.84910 points to a low of Rs.84000 with a rise of 1324 points, a trend of around Rs.84910 and March Silver opened at Rs.95538, fell from a high of Rs.96485 points to a low of Rs.95420 with a rise of 236 points, a trend of around Rs.95945.

Meanwhile, The Rupee weakened to its all-time low of 87.35 against the U.S. dollar, pressured by expectations of a rate cut by the RBI. India’s Services PMI fell to 56.5 in January, its lowest since Nov’22 on the back of lower demand and a softer increase in sales and output.

Going ahead, investors will watch out for US Services PMI for January to be released later today and BOE’s interest rate decision tomorrow. We expect markets to remain range-bound with stock/sector specific action on the back Q3 earnings announcements as tomorrow will be a result-heavy day with several large-caps including Bharti Airtel, SBI, ITC, Trent, Brittania, BSE, Hero Motocorp amongst others announcing numbers

Technically, the important key resistances are placed in Nifty future are at 23808 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23939 – 24008 levels. Immediate support is placed at 23606 – 23474 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing / trading, mentioned on www.nikhilbhatt.in

Dear Trader…

The market extended its recovery trend, climbing nearly 1.5% amid positive cues. A strong start, driven by a rebound in global markets, gained further traction as renewed buying in select heavyweight stocks sustained the upbeat sentiment throughout the session. All major sectors contributed to the rally, with energy, banking, and metals leading the gains.

The index rebound signals a determined effort by bulls to reclaim lost ground, with a decisive break above the critical resistance at the 200 DEMA i.e. 23,606 in Nifty potentially strengthening their position further. The next target range stands at 23909–24008. Notably, the banking and financial sectors have played a key role in the recovery, and a decisive move past the 50404 level in the banking index will be crucial for sustaining the momentum.

Given the prevailing market conditions, we maintain our focus on selective stock picking, emphasizing relative strength, with a preference for large-cap and large mid-cap stocks.

Nifty futures opened at 23550 points against the previous close of 23442 and opened at a low of 23496 points. Nifty Future closed with an average movement of 300 points and a rise of around 342 points and 23785 points…!!

On the NSE, the midcap 100 index will rise 1.56 % and smallcap 100 index is closing rise 1.09%. Speaking of various sectoral indices, the NSE saw gains in only FMCG stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, February gold opened at Rs.83444, fell from a high of Rs.83599 points to a low of Rs.83000 with a decline of 174 points, a trend of around Rs.83150 and March Silver opened at Rs.94229, fell from a high of Rs.94436 points to a low of Rs.93884 with a decline of 60 points, a trend of around Rs.94197.

Meanwhile, there was strong demand for Banking and Financial Services stocks ahead of the RBI Monetary Policy meet scheduled from February 5 to 7. Rate-sensitive sectors like auto and real estate gained 0.7-0.8%, benefiting from expectations of an interest rate reduction later in the week and increased spending post tax relief in the budget.

Investors will watch out for US and India’s Services PMI for January to be released tomorrow. We expect gradual upmove in domestic equities with focus on global markets, Q3 corporate earnings and the RBI MPC meet starting tomorrow.

Technically, the important key resistances are placed in Nifty future are at 23838 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23909 – 24008 levels. Immediate support is placed at 23676 – 23606 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets began the week on a weak note, influenced by global cues, and declined by over half a percent. After opening with a gap-down, Nifty future fluctuated between gains and losses before settling at 23442.75. Among sectors, IT posted decent gains, while pharma and auto saw marginal upticks. In contrast, energy, metal, and FMCG were the top laggards. The broader indices mirrored the benchmark’s trend, slipping nearly 1%-2%.

Concerns over Trump’s tariff announcements overshadowed the budget’s impact, pushing the index toward its 20-week EMA, signaling caution amid consolidation. This phase may continue, with global cues, corporate earnings, and the upcoming MPC meeting playing a key role in market direction. Investors are advised to remain cautious and manage positions on both sides.

Nifty futures opened at 23390 points against the previous close of 23555 and opened at a low of 23305 points. Nifty Future closed with an average movement of 157 points and a decline of around 112 points and 23442 points…!!

On the NSE, the midcap 100 index will decline 0.93% and smallcap 100 index is closing decline 2.13%. Speaking of various sectoral indices, the NSE saw gains in only IT, Consumer Durables, Healthcare, Pharma and Auto stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, February gold opened at Rs.81799, fell from a high of Rs.82820 points to a low of Rs.81799 with a rise of 849 points, a trend of around Rs.82820 and March Silver opened at Rs.92699, fell from a high of Rs.94045 points to a low of Rs.91725 with a rise of 646 points, a trend of around Rs.93860.

Meanwhile, the global market got unsettled amid the onset of the ‘Trade War,’ as tariff conflicts between the US and other nations are unlikely to yield any economic benefits. Instead, it may cause challenges to the global economy, heightening global financial risks.

International trade, which had flourished under the framework of globalisation, now faces threats from the new protectionist policies. Front and contour tariffs are expected to make the world less efficient and elevate global inflation & interest rates.

Technically, the important key resistances are placed in Nifty future are at 23533 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23606 – 23676 levels. Immediate support is placed at 23202 – 23088 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing / trading, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets showed volatility during the special trading session for the Union Budget and ultimately closed nearly flat, taking a pause after the recent rally. Following a subdued start, the Nifty future gained early momentum but struggled to break past the key resistance at the long-term 200-day exponential moving average (DEMA), closing at 23555.55. Sector-wise, the consumption-driven sectors such as FMCG, auto, and real estate saw decent buying interest, largely in response to the budget’s tax relief measures. However, stocks in defense, energy, and infrastructure showed signs of disappointment. Broader indices followed a mixed trend, with no clear direction.

The impact of the Union Budget could linger in the next session, particularly in the consumption sectors. The Nifty may remain around its current levels as market participants await the next decisive move above the critical hurdle of 200 DEMA. Additionally, with the earnings season set to take center stage again, traders should focus on stock selection and align their positions accordingly.

Nifty futures opened at 23584 points against the previous close of 23620 and opened at a low of 22422 points. Nifty Future closed with an average movement of 292 points and a decline of around 64 points and 22555 points…!!

On the NSE, the midcap 100 index will decline 0.42% and smallcap 100 index is closing rise 0.41%. Speaking of various sectoral indices, the NSE saw gains in only Realty, FMCG, Consumer Durables, Media, Auto and Private Bank stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, February gold opened at Rs.81900, fell from a high of Rs.82544 points to a low of Rs.81500 with a rise of 129 points, a trend of around Rs.82100 and March Silver opened at Rs.92951, fell from a high of Rs.94400 points to a low of Rs.92535 with a decline of 36 points, a trend of around Rs.93250.

Meanwhile, In the last week, the benchmark indices bounced back sharply. The Nifty ended 1.74  percent, whereas the Sensex was up over 1300  points. Among sectors, the Realty index outperformed, rallying over 11 percent, whereas the Capital Market and IT indices lost the most, with the Capital Market index shed 5 percent and the IT index down by 3.25 percent. During the week, the market slipped below 23,000/75500 but, due to oversold conditions, it bounced back sharply.

After forming a promising reversal pattern, the market held its positive momentum throughout the week. Technically, on weekly charts, it has formed a long bullish candle and is currently trading comfortably above its 20-day Simple Moving Average (SMA), which is largely positive.

Technically, the important key resistances are placed in Nifty future are at 23606 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23737 – 23808 levels. Immediate support is placed at 23008 – 22808 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing / trading, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets extended their winning streak, gaining over a percent in yet another strong session. The Nifty index maintained a positive tone from the outset, advancing steadily throughout the day, driven by optimistic expectations from the Union Budget. All key sectors contributed to the rally, with energy, FMCG, and realty emerging as top gainers, while themes like railways and defense also witnessed decent traction.

Nifty has shown a remarkable rebound in recent sessions, surpassing its short-term resistance at the 20-day exponential moving average (DEMA). The index is now approaching the next critical hurdle at the 200 DEMA near 23,650, and a decisive breakout could pave the way for further gains toward the 23808+ zone. However, with the Union Budget in focus, volatility is expected to remain elevated. On the downside, Nifty is likely to find support in the 23373 –23303 range in case of a pullback. Given the prevailing uncertainty, we recommend maintaining a cautiously optimistic stance and favoring hedged positions until the event unfolds.

Nifty futures opened at 23490 points against the previous close of 23418 and opened at a low of 23411 points. Nifty Future closed with an average movement of 232 points and a rise of around 201 points and 23620 points…!!

On the NSE, the midcap 100 index will rise 1.89 % and smallcap 100 index is closing rise 2.11%. Speaking of various sectoral indices, Consumer Durables, FMCG, Realty, Oil and Gas and Auto stocks saw heavy gains on the NSE, while all other sectoral indices also closed higher.

At the start of intra-day trading, February gold opened at Rs.82039, fell from a high of Rs.82210 points to a low of Rs.81771 with a rise of 277 points, a trend of around Rs.82000 and March Silver opened at Rs.93800, fell from a high of Rs.94075 points to a low of Rs.93323 with a rise of 524 points, a trend of around Rs.93970.

Meanwhile, the indices are fueled with expectations of a pro-growth budget and prudent fiscal as indicated in the economic survey. Positive global cues and better-than-expected results from major companies are also contributed to the upward trend.

Market expects reductions in individual tax and job generation to boost consumption. By cutting fiscal deficit but continuing to boost infrastructure spending, the government may set the tone for a potential recovery in the consolidating market.

Technically, the important key resistances are placed in Nifty future are at 23737 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23808 – 23979 levels. Immediate support is placed at 23373 – 23303 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

The market exhibited high volatility on the monthly expiry day but managed to extend its winning streak for the third consecutive session. After an initial surge, Nifty saw profit-taking in the mid-session before a late rebound helped it close with decent gains. Sectoral performance remained mixed, with realty, energy, and pharma outperforming, while IT, media, and auto lagged. Broader indices pared early gains and ended flat.

With the budget countdown underway, we anticipate continued market fluctuations. Nifty is encountering resistance around its 20-day EMA at 23300, and a decisive close above this level is crucial for further recovery. Otherwise, the index may face renewed pressure and again inch toward the 23232–23188 zone. In this environment, traders should emphasize selective stock picking and robust risk management.

Nifty futures opened at 23310 points against the previous close of 23279 and opened at a low of 23269 points. Nifty Future closed with an average movement of 190 points and a rise of around 138 points and 23418 points…!!

On the NSE, the midcap 100 index will decline 0.01% and smallcap 100 index is closing rise 0.12%. Speaking of various sectoral indices only Consumer Durables, IT, Media, Auto, PSU Bank and Metal stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, February gold opened at Rs.80566, fell from a high of Rs.81088 points to a low of Rs.80414 with a rise of 672 points, a trend of around Rs.80952 and March Silver opened at Rs.92241, fell from a high of Rs.93068 points to a low of Rs.92201 with a rise of 925 points, a trend of around Rs.92791.

Meanwhile, The FIIs as per Thursday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL.  In equity segment, the gross buying was of Rs 8229.89 crore against gross selling of Rs 10026.11 crore. Thus, FIIs stood as net sellers of Rs 1796.22 crore in equities.

In the debt segment, the gross purchase was of Rs 2049.83 crore with gross sales of Rs 1543.79 crore. Thus, FIIs stood as net buyers of Rs 506.04 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 116.42 crore, they stood at net sellers in Debt-VRR segment at Rs 132.10 crore, while net buyers in Debt-FAR segment at Rs 521.72 crore.

In the hybrid segment, the gross buying was of Rs 16.72 crore against gross selling of Rs 17.92 crore. Thus, FIIs stood as net sellers of Rs 1.20 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 23505 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23575 – 23606 levels. Immediate support is placed at 23373 – 23303 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets managed to inch higher despite volatility, gaining nearly 1% amid mixed cues. Nifty future saw sharp fluctuations in early trade but gradually strengthened, closing near the day’s high at 23,148.25. Most key sectors contributed to the recovery, with realty, IT, and energy leading the gains. However, the highlight of the session was the strong rebound in broader indices, which surged between 2.3% and 3.4%.

Looking ahead, market participants will react to the US Fed meeting outcome in early Thursday trades, followed by the focus shifting to the January derivatives expiry. On the benchmark front, Nifty is recovering amid choppy Conditions and approaching its critical resistance at 23,300 (20 DEMA). A decisive close above this level could extend the recovery, while failure to do so may trigger profit-taking. Given the current rebound, traders should maintain a cautious stance and prefer hedged positions.

Nifty futures opened at 23034 points against the previous close of 22977 and opened at a low of 22963 points. Nifty Future closed with an average movement of 221 points and a rise of around 170 points and 23148 points…!!

On the NSE, the midcap 100 index will rise 2.31% and smallcap 100 index is closing rise 3.32%. Speaking of various sectoral indices only FMCG stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, February gold opened at Rs.80325, fell from a high of Rs.80517 points to a low of Rs.80299 with a rise of 151 points, a trend of around Rs.80440 and March Silver opened at Rs.91052, fell from a high of Rs.91449 points to a low of Rs.90774 with a rise of 323 points, a trend of around Rs.91374.

Meanwhile, The Flls as per Wednesday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 13194.71 crore against gross selling of Rs 16135.58 crore. Thus, Flls stood as net sellers of Rs 2940.87 crore in equities.

In the debt segment, the gross purchase was of Rs 5477.83 crore with gross sales of Rs 1697.17 crore. Thus, Flls stood as net buyers of Rs 3780.66 crore in debt. Of the total debt, FIls stood as net buyers in Debt-General Limit segment at Rs 985.19 crore, they stood at net buyers in Debt-VRR segment at Rs 1384.07 crore, while net buyers in Debt-FAR segment at Rs 1411.40 crore.

In the hybrid segment, the gross buying was of Rs 16.67 crore against gross selling of Rs 23.23 crore. Thus, Flls stood as net sellers of Rs 6.56 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 23202 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23272 – 23303 levels. Immediate support is placed at 23088 – 23008 levels.

The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in