Nifty 25571 (Last week 25471)
Nifty dipped to 25380 last week and touched high of 25881 and closed at 25571.
US Court cancelled the trade deal, followed by increase in global tariff to 10% and then further to 15% by Trump is creating uncertainity. Though short term increase is expected, still 26000 / 26400 ( 26372 Previous high) will be major resistance. Temporary advantage for India as the 15% is common tariff across all countries. Hence, India, China will be in better position as there is no differential tariffs among countries.
The nifty dropped last two weeks mainly due to IT sector stocks. IT index is at 2021 levels. IT Stocks can be accumulated slowly in mulitple parcels as further drop is expected.
On the other side Nifty Bank (61172) is near to all time high (61772), due to the better performance in Q3.
RSI 48%, MACD just crossed the signal , but Stochastic is at 20%, well below the signal.
Nifty Broader range bound movement expected upto 26372 (all time high)/26400 to bottom 24200. Decisive break above 26372/26400 will pave way for nifty to 27000.
As still global tension prevails ( US possible strike in Iran), high volatility is expected, use this opportunity to buy slowly.
As far as India is concerned, economy is moderate.
The Nifty 500 stocks have shown a mix of performance in Q3 FY25-26. Many stocks have performed well, while others have lagged.
Q3 results are moderate as public sector banks like union bank, punjab sind, Federal & IOB posted good results. Reliance with moderate 1% up, hdfc bank posted 12% up, ICICI bank -3%, IDBI Bank is flat, Yes Bank is up but sales and EBIT are negative, South indian bank 9%, Infosys 11%, wipro -7% and Tech Mah 33%, Polycab 36%, HDB Fin Services 36% , HDFC Life -1% and ICICI Pru Life 12% and ICICI AMC 45% up and budget for 2026-27 to be proposed on Ist Feb 2026. Persistent system, Waaree Energies , CPCL , BPCL, SBFC Fin, Ultratech Cem, mcx, laurus lab, KVB gave very good results this week. SBI posted 24% growth.
Gold have dropped more than 15 % in last two trading session but recovered maintaining above 5000$ / Ounce, silver fell near to 50%. Gold recovery is due to current US possible strike in Iran and AI impact in tech stocks.
As i am emphasizing for more than 3 months now, that the situation is highly Volatile, SIP route or buy in multiple parcel route (On Dips) with a goal of 3-5 years ( Medium to Long term) will workout.
Considering the global situation, diversify the portfolio with Debt and liquid fund ( approx 20-30% portfolio) and 10-20% in Gold & Silver for Year 2026, this funds ( especially liquid funds will create funds availability for further buying opportunity incase of market dips like a Systematic transfer plan.
Some of the stocks to watchout given last week are HDFC AMC, NMDC, Apar, Sharda Crop, VRL Logistics, krishna Phos chem, Cipla, Dr Reddy, Natco pharma, Apl Apollo Tubes, Muthoot Finance ( On Dips) , tata Steel ( Contra Stock due to Business Cycle), Bank of Mah, BPCL, CG Power, hero motor, shriram finance and NRB bearings. Shared for Analysis purpose only. Dr Reddy, shriram fin, natco pharma, Hero moto corp,HPCL, BPCL, IOCL, Carysil, MAS Financial Services and BSE . Waaree Energies had an IT raid in its premises in Mid of Nov 2025. Outcome will take the stock forward.
New stocks proposed for watchout for 29-Dec-25 to 02-Jan-26 is Indian Bank and NBCC, buy on dip as market in volatile situation. Both stocks reduced further and in buyable range.
New Stocks ( to watchout For Jan Ist Week 2026) are ITC & Lupin.
For 18-Jan-26, after Q3 Results HDFC AMC ( already provided in the call above), Poly cab, union bank, Tech Mah, Infosys are some of the picks for Watchlist.
New Stocks to watchout for 01-Feb-26 are Capri Global, persistent systems, narayana hrudayala, nalco, Dixon & CG Power ( Semiconductor Push).
IT stocks can be accumulated in multiple parcels.
All the above stocks can be considered slowly ( as multiple parcels) in case of stock price has fallen.
Nifty Short Term Supports :
24819 (Trend Line as shown)
25000
25200 ( 25154 Aug 2025 high)
25360-25420 ( Sep high and trendline support as shown in chart)
25300-25350 (Two Fibonacci resistance shown ) - Major Support
Hence 25300- 25420 acts as major short term support.
25450 ( 25442 is the Aug 2025 high)
25500 ( 25441 Sep 18th 2025 High )
Short Term Resistance ( Many from 25000-26320)
1.26329 ( All time High)
2.26000
3. 25670 (Jun 2025 High)
Medium Term Support:
There are multiple supports are from 24000-25000.
1. 24000-24170 (Fibonacci Retracements Supports- Two Supports in this zone 24116 & 24171 as shown)
2. 23500-23700 (Fibonacci Retracements Supports- Two Supports in this zone 23608 & 23707 as shown)
Medium Term Resistance:
1.27000 ( Need to decisively break 26269 all time high) This resistance is based on Fibonacci resistance at 27034
2. 26500
3. 26700 ( Finonacci 1.618 as shown in graph)
Long term resistance:
1.28000 ( Need to decisively break and move up 27000)This resistance is based on Fibonacci resistance at 28106
Long Term Support
1.22700-23000 ( Trend line and Mar 2024 High)
2.Big support at 20000 (Sep 2023 high)
Nifty dipped to 25380 last week and touched high of 25881 and closed at 25571.
US Court cancelled the trade deal, followed by increase in global tariff to 10% and then further to 15% by Trump is creating uncertainity. Though short term increase is expected, still 26000 / 26400 ( 26372 Previous high) will be major resistance. Temporary advantage for India as the 15% is common tariff across all countries. Hence, India, China will be in better position as there is no differential tariffs among countries.
The nifty dropped last two weeks mainly due to IT sector stocks. IT index is at 2021 levels. IT Stocks can be accumulated slowly in mulitple parcels as further drop is expected.
On the other side Nifty Bank (61172) is near to all time high (61772), due to the better performance in Q3.
RSI 48%, MACD just crossed the signal , but Stochastic is at 20%, well below the signal.
Nifty Broader range bound movement expected upto 26372 (all time high)/26400 to bottom 24200. Decisive break above 26372/26400 will pave way for nifty to 27000.
As still global tension prevails ( US possible strike in Iran), high volatility is expected, use this opportunity to buy slowly.
As far as India is concerned, economy is moderate.
The Nifty 500 stocks have shown a mix of performance in Q3 FY25-26. Many stocks have performed well, while others have lagged.
Q3 results are moderate as public sector banks like union bank, punjab sind, Federal & IOB posted good results. Reliance with moderate 1% up, hdfc bank posted 12% up, ICICI bank -3%, IDBI Bank is flat, Yes Bank is up but sales and EBIT are negative, South indian bank 9%, Infosys 11%, wipro -7% and Tech Mah 33%, Polycab 36%, HDB Fin Services 36% , HDFC Life -1% and ICICI Pru Life 12% and ICICI AMC 45% up and budget for 2026-27 to be proposed on Ist Feb 2026. Persistent system, Waaree Energies , CPCL , BPCL, SBFC Fin, Ultratech Cem, mcx, laurus lab, KVB gave very good results this week. SBI posted 24% growth.
Gold have dropped more than 15 % in last two trading session but recovered maintaining above 5000$ / Ounce, silver fell near to 50%. Gold recovery is due to current US possible strike in Iran and AI impact in tech stocks.
As i am emphasizing for more than 3 months now, that the situation is highly Volatile, SIP route or buy in multiple parcel route (On Dips) with a goal of 3-5 years ( Medium to Long term) will workout.
Considering the global situation, diversify the portfolio with Debt and liquid fund ( approx 20-30% portfolio) and 10-20% in Gold & Silver for Year 2026, this funds ( especially liquid funds will create funds availability for further buying opportunity incase of market dips like a Systematic transfer plan.
Some of the stocks to watchout given last week are HDFC AMC, NMDC, Apar, Sharda Crop, VRL Logistics, krishna Phos chem, Cipla, Dr Reddy, Natco pharma, Apl Apollo Tubes, Muthoot Finance ( On Dips) , tata Steel ( Contra Stock due to Business Cycle), Bank of Mah, BPCL, CG Power, hero motor, shriram finance and NRB bearings. Shared for Analysis purpose only. Dr Reddy, shriram fin, natco pharma, Hero moto corp,HPCL, BPCL, IOCL, Carysil, MAS Financial Services and BSE . Waaree Energies had an IT raid in its premises in Mid of Nov 2025. Outcome will take the stock forward.
New stocks proposed for watchout for 29-Dec-25 to 02-Jan-26 is Indian Bank and NBCC, buy on dip as market in volatile situation. Both stocks reduced further and in buyable range.
New Stocks ( to watchout For Jan Ist Week 2026) are ITC & Lupin.
For 18-Jan-26, after Q3 Results HDFC AMC ( already provided in the call above), Poly cab, union bank, Tech Mah, Infosys are some of the picks for Watchlist.
New Stocks to watchout for 01-Feb-26 are Capri Global, persistent systems, narayana hrudayala, nalco, Dixon & CG Power ( Semiconductor Push).
IT stocks can be accumulated in multiple parcels.
All the above stocks can be considered slowly ( as multiple parcels) in case of stock price has fallen.
Nifty Short Term Supports :
24819 (Trend Line as shown)
25000
25200 ( 25154 Aug 2025 high)
25360-25420 ( Sep high and trendline support as shown in chart)
25300-25350 (Two Fibonacci resistance shown ) - Major Support
Hence 25300- 25420 acts as major short term support.
25450 ( 25442 is the Aug 2025 high)
25500 ( 25441 Sep 18th 2025 High )
Short Term Resistance ( Many from 25000-26320)
1.26329 ( All time High)
2.26000
3. 25670 (Jun 2025 High)
Medium Term Support:
There are multiple supports are from 24000-25000.
1. 24000-24170 (Fibonacci Retracements Supports- Two Supports in this zone 24116 & 24171 as shown)
2. 23500-23700 (Fibonacci Retracements Supports- Two Supports in this zone 23608 & 23707 as shown)
Medium Term Resistance:
1.27000 ( Need to decisively break 26269 all time high) This resistance is based on Fibonacci resistance at 27034
2. 26500
3. 26700 ( Finonacci 1.618 as shown in graph)
Long term resistance:
1.28000 ( Need to decisively break and move up 27000)This resistance is based on Fibonacci resistance at 28106
Long Term Support
1.22700-23000 ( Trend line and Mar 2024 High)
2.Big support at 20000 (Sep 2023 high)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.