India’s stock market is likely to start the day flat and cautious, as mixed global cues and rising geopolitical tensions keep investors on the sidelines.
Market Outlook
The market is expected to stay range‑bound, with most movement coming from individual stocks or sectors rather than a broad rally or sell‑off. Traders should watch for short‑term support and resistance levels to guide their entries.
Global Influences
U.S. stocks closed higher, with the S&P 500 and Dow Jones hitting fresh record highs thanks to strong tech performance and hopes that the Federal Reserve may ease rates by 2026. In contrast, Asian markets are consolidating after early‑year gains, and Japan’s Nikkei slipped slightly as investors took profits.
Gold and Silver Prices
- Silver is aiming for the $78‑$80 range, staying above short‑term moving averages and keeping its uptrend intact.
- Gold is bullish near $4,460‑$4,480 after breaking past previous resistance. A move above $4,485 could open the path to $4,500‑$4,550.
Nifty and Bank Nifty Technicals
The Nifty 50 shows a weak, choppy trend but may bounce from the 26,100 support level. Watch the next resistance around 26,400.
Bank Nifty has broken a falling trendline and is consolidating above its short‑term 50‑day SMA. The daily RSI is in bullish crossover territory (~65). A buy‑on‑dips approach is advised as long as the index stays above 59,300, with support near 59,800 and resistance around 60,500.
Intraday Stock Recommendations
- Torrent Pharma – Buy at ₹3,937; Target ₹4,211; Stop Loss ₹3,800
- Sai Life Sciences – Buy at ₹976; Target ₹1,045; Stop Loss ₹942
- Jubilant FoodWorks – Buy at ₹548; Target ₹580; Stop Loss ₹532
- Infosys – Buy at ₹1,612; Target ₹1,660; Stop Loss ₹1,580
- GPPL – Buy at ₹189; Target ₹196; Stop Loss ₹184
- Aster DM Healthcare – Buy at ₹625.65; Target ₹665; Stop Loss ₹610
- Avalon Technologies – Buy at ₹924.60; Target ₹975; Stop Loss ₹905
- Petronet LNG – Buy at ₹295; Target ₹315; Stop Loss ₹288
These picks are based on technical signals and short‑term price patterns. Use proper risk management and set stop‑loss orders as indicated.
Remember, this is perspective, not a prediction. Do your own research or consult a certified advisor before making any investment decisions.