President Donald Trump’s recent comments about possibly raising tariffs on Indian imports, tied to India’s continued purchase of Russian oil, added a layer of geopolitical caution to global markets. At the same time, larger‑than‑expected state borrowing pushed bond yields higher, keeping investors wary.
Market Overview
The Nifty 50 closed 78 points lower at 26,250, while the BSE Sensex fell 322 points to finish at 85,439. The Bank Nifty slipped 106 points, ending the day at 60,044.
Analyst Outlook
Vaishali Parekh, Vice‑President of Technical Research at Prabhudas Lilladher, says the market mood remains generally positive. She expects the Nifty to test the 26,500 level soon, with key support around the 25,900–26,150 zone.
- Nifty 50: Immediate support at 26,150, resistance near 26,400.
- Bank Nifty: Support around 58,700, short‑term support near 59,500, daily range expected 59,700–60,500.
Intraday Stock Picks
For today’s trade, Vaishali recommends three stocks that show technical signs of a bounce:
- Delhivery – Buy at ₹411, target ₹420, stop loss ₹405. The stock is emerging from a base‑building phase.
- Religare Enterprises – Buy at ₹258, target ₹270, stop loss ₹254. It appears to be forming a higher bottom.
- DLF – Buy at ₹712, target ₹725, stop loss ₹705. The chart shows bottoming signs around the ₹700 level.
Disclaimer
These insights are for educational purposes only. The views expressed belong to the analyst and not to any publication. Always do your own research or consult a certified financial advisor before making investment decisions.