BAJAJ BROKING
Markets Daily by Bajaj Broking brings you the latest market insights, global trends, and key levels. Stay updated on Nifty, Bank Nifty, stocks in focus, and economic developments to make informed trading decisions. Don't miss our expert analysis and option chain insights!
Welcome to Markets Daily by Bajaj Broking, where we bring you the latest market insights to keep you ahead of the curve. Don’t forget to check out our Morning Podcast for more updates!
Also Read: Stock Market Live Updates
Global markets experienced mixed action last week. While U.S. stocks rebounded on Friday, they logged their worst weekly decline in months:
Dow Jones: +0.52% on Friday but down 2.37% for the week
S&P 500: +0.55% on Friday but down 3.1% for the week
Nasdaq: +0.70% on Friday but down 3.45% for the week
Treasury yields increased, with the 10-year yield at 4.31%, while the dollar index remained steady above 103.50. In commodities, WTI crude rose 1% to $67.04 per barrel, but gold and silver slipped, with gold falling 0.3% to $2,918.90 per ounce.
Also Read: China Imposes Retaliatory Tariffs on Canadian Farm and Food Products
Asian Markets Performance
Asian markets opened lower today as investor concerns over U.S. growth and China’s inflation decline weighed on sentiment. Gift Nifty signals a flat opening for Indian markets, with Nifty expected to consolidate within the 22,200-22,800 range.
Indian Market Highlights
Indian markets closed strong last week:
Nifty 50 logged its best week in three months, gaining 1.9%
Sensex rose 1.6%, reclaiming 22,600
Gains were driven by bargain buying in Reliance Industries and metal stocks
Key resistance levels: 22,800-23,000
Support levels: 22,000-21,700
Stocks in Focus
Railtel: Secured a ₹28.29 crore order from Northern Railway
Tata Power Renewable: Investing ₹49,000 crore in green projects in Andhra Pradesh
Shilpa Medicare: Received a Form 483 observation from the U.S. FDA for its Raichur unit
Market News & Key Developments
FIIs remain net sellers, offloading ₹2,035.10 crore in equities, while DIIs stepped in as net buyers with ₹2,320.36 crore, providing market support.
Also Read: Oil Falls to Near Six-Month Low as Weak China Data Fuels Demand Concerns
Nifty remained rangebound with heightened volatility on Friday, closing marginally higher to notch its fourth consecutive gains. The index formed a small bullish candle with wicks on both ends, indicating a consolidation phase following a 600+ point retracement over the past four sessions.
Also Read: TCS Expands Partnership with Northern Trust to Modernise Securities Services
Levels to Watch:
Upside Potential: Sustaining above 22,464 may extend gains towards 22,800.
Downside Risk: A breach below 22,464 could lead to consolidation within 22,600-22,000.
Key Support & Resistance Levels:
Support: 22,000-21,700 (prior swing lows, long-term trendline support, 100-week EMA)
Resistance: 22,800-23,000 (20-day EMA, key breakdown level)
Intraday Levels for Nifty
Resistance: 22,640 & 22,750
Support: 22,460 & 22,320
Intraday Levels for Bank Nifty
Resistance: 48,710 & 48,980
Support: 48,290 & 48,050
U.S. markets rebounded on Friday, with:
Dow: +0.52%
S&P 500: +0.55%
Nasdaq: +0.70%
However, uncertainty remains due to Fed Chair Jerome Powell’s cautious stance on rate cuts and trade policy concerns.
Japan & South Korea: Declined, dragging Asian equities lower
China Inflation: Dipped below zero for the first time in a year
Also Read: Brigade Enterprises Unveils Brigade Altius in Chennai with ₹1,700 Crore Potential
While Indian markets showed resilience last week, global factors such as U.S. growth concerns, China’s economic slowdown, and trade tensions continue to influence investor sentiment. Traders should keep an eye on key levels and economic indicators for the upcoming sessions.
For a detailed option chain analysis, check out the description below, where we break down the latest trends, key levels, and options activity to help you stay updated on market movements.
Stay tuned for more market insights and subscribe to our podcast for daily market insights!
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://www.bajajbroking.in/disclaimer
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading