NIFTY Commodities

The market made a strong comeback in the week ended November 14, rising over 1.6 percent after weakness in the previous two weeks. Resolution of the US government shutdown, better-than-expected September quarter earnings, easing inflation and strong mandate for NDA government in Bihar elections lifted market sentiment, though fading expectations of a US Fed rate cut triggered profit booking in IT stocks.

In the coming week, the market is expected to remain in positive terrain with focus on the progress in India-US trade talks, FOMC minutes, FIIs mood, PMI numbers and US jobs data.

The Nifty 50 rallied 418 points (1.64 percent) during the week to 25,910, and the BSE Sensex surged 1,347 points (1.62 percent) to 84,563, while the Nifty Midcap 100 index ended at new closing high of 60,739, up 1.5 percent, and the Smallcap 100 index rose 1 percent to 18,252.

According to Vinod Nair, Head of Research at Geojit Investments, the market direction will hinge on key macro triggers such as India’s PMI data, US jobless claims, FOMC minutes and progress on US–India trade negotiations.

"With the retail inflation easing and the corporate earnings season concluding on a positive note, the backdrop remains supportive for Indian equities," said Siddhartha Khemka - Head of Research, Wealth Management at Motilal Oswal Financial Services.

He expects the markets to stay firm, with a potential India–US trade deal announcement offering scope for a sharper up-move.

A prudent approach would be to focus on sectors with strong fundamentals, clear earnings visibility, and structural tailwinds—positioning portfolios for potential upgrades in H2FY26, Vinod Nair advised.

Here are 10 key factors to watch for next week:

India-US Trade Deal Progress

The market participants will keep a close watch on the progress of India-US trade deal negotiations as this is the important factor for the equity market to get into new leg of upmove. Most experts expect the Trump administration to either remove the additional 25 percent tariff imposed due to Russian oil imports or cut down the tariff to 15-20 percent from 50 percent now.

Earlier in the week, US President Donald Trump stated that Washington is planning to “bring down the tariffs” imposed on New Delhi. "Well, right now, the tariffs are very high on India because of the Russian oil, and they've stopped doing the Russian oil. It's been reduced very substantially. Yeah, we're going to be bringing the tariffs down... At some point, we're going to be bringing them down," he said while responding to a question about the progress of the trade deal and the possibility of lowering tariff rates.

"If trade negotiations with the US are finalised, it could provide a significant boost to investor sentiment and FIIs may once again turn positive for the Indian markets," Raghvendra Nath of Ladderup Asset Managers.

On Friday, US President Donald Trump has announced easing import duties on nearly 200 food, farm and agricultural goods, which resulted into a benefit for Indian spice traders and tea growers.

FOMC Minutes

Investors globally will keep an eye on the minutes of the Federal Reserve's policy meeting held during October 28-29. The Federal Open Market Committee (FOMC) slashed the federal funds rate by 25 bps to the range of 3.75-4.00 percent in its October policy meeting, following 25 bps cut in September meeting but Chair Jerome Powell commentary signalled low possibility of rate cut in December meeting.

In fact, the several policymakers expressed doubts about the need for another rate cut this year, suggesting that maintaining current rates may be necessary to balance persistent inflation pressures against emerging signs of labour-market softening, said Kaynat Chainwala of Kotak Securities.

Cleveland Fed President Beth Hammack and St. Louis Fed President Alberto Musalem both argued for keeping policy restrictive, with Musalem noting that rates are already close to neutral, leaving limited room for further cuts. Kansas City Fed President Jeffrey Schmid echoed similar concerns, warning that inflation remains "too hot" and signaling he may oppose any December rate reduction.

Further, the speeches by several Fed officials scheduled next week will also be watched, along with jobs data and Michigan inflation expectations final numbers for November.

Global Economic Data

Apart from FOMC minutes and US jobs data, globally the focus would be on the manufacturing &amp; services PMI flash data for November from several nations including United States, Japan, UK, as well as Euro Zone.

Further, preliminary estimates for Q3-CY25 GDP growth numbers and inflation for October by Japan, as well as retail sales and inflation data for October by United Kingdom will also be watched next week. Europe will also announce its inflation numbers for October month.

<img class="alignnone size-full wp-image-13679066 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116130354_Image2515112025.jpg" alt="Image2515112025" width="992" height="656" />

Domestic Economic Data

Back home, the market participants will focus the unemployment rate (which was at 5.2 percent in September) and balance of trade data for October due on November 17, followed by infrastructure output for October due on November 20.

Further, HSBC Manufacturing and Services PMI flash numbers for current month, and foreign exchange reserves for week ended November 14 will be released on November 21. The manufacturing PMI climbed to 59.2 in October against 57.7 in September, however, in the same period, services PMI dropped to 58.9, compared to 60.9.

<a href="https://www.moneycontrol.com/stocks/marketstats/fii_dii_activity/index.php" target="_blank">FII Flow</a>

The mood at the Foreign Institutional Investors (FIIs) desk will also be watched as their selling in Indian markets accelerated last week, which capped the major upside in the equities, though Domestic Institutional Investors (DIIs) remained strong buyers, providing strong support to the market to drive near record high zone.

FIIs have net sold Rs 12,020 crore worth shares in the week gone by, taking the total current month's outflow to Rs 13,657 crore, but DIIs compensated the FII outflow by significant margin, buying Rs 24,674 crore worth shares during the week and Rs 41,352 crore in current month, as per provisional data. According to experts, the ongoing AI trade in countries like US, China, Taiwan and South Korea may be attracting FIIs, hence there could be selling in India but that is expected to reverse once the AI theme starts losing the steam.

Meanwhile, the Indian rupee has been rangebound especially after hitting record low of 88.87 against the US dollar in September. The currency could not see this level for last two months, closing the week at 88.64, weakening 0.01 percent and forming Doji candlestick pattern on the weekly charts, indicating indecision among bulls and bears.

The US dollar index fell for another week, down 0.28 percent to 99.27 amid the end of longest US shutdown and expectations of fed funds rate cut in December faded (following a series of hawkish comments from Fed officials). It sustained below 100 mark since second half of May this year.

<a href="https://www.moneycontrol.com/ipo/" target="_blank">IPO</a>

The primary market will see some slowdown in new IPOs launch compared to previous weeks as only two new public issues - one each from mainboard and SME segments - will be opened for subscription next week on November 19. Both will close on November 21.

Excelsoft Technologies, the SaaS company specialising in the learning and assessment market, is raising Rs 500-crore via offer, with price band of Rs 114-120 per share, while in the SME segment, Gallard Steel aims to mobilise Rs 37.5 crore via public issue of 25 lakh shares at the upper end of price band of Rs 142-150 per share.

Further, Fujiyama Power Systems will close its Rs 828-crore IPO on November 17, followed by Capillary Technologies India offer on November 18.

On the listing front, PhysicsWallah, and Emmvee Photovoltaic Power will make its market debut on November 18, followed by Tenneco Clean Air India on November 19, Fujiyama Power Systems on November 20, and Capillary Technologies India on November 21.

In the SME segment, Workmates Core2Cloud Solution, as well as Mahamaya Lifesciences will list their shares on the BSE SME on November 18.

Technical View

Technically, the Nifty 50 remained strong despite correction in previous two weeks, forming long bullish candle with upper &amp; lower shadows on the weekly timeframe with above-average volumes, and sustaining above all key moving averages as well as the midline of Bollinger bands. The RSI climbed above 60 to 61.38 with positive crossover, while the MACD maintained bullish crossover with strength in histogram. Closing and sustaining above 26,000 is expected to open door for 26,100 and 26,300 levels, while the support is placed at 25,700, followed by 25,450 being crucial support, experts said.

F&amp;O Cues

According to the weekly options data, the 26,000 is the crucial resistance zone for the Nifty 50 to make a move toward 26,200-26,300, with 25,700 being immediate support zone followed by 25,500 being crucial support.

On the Call side, the maximum open interest was placed at the 26,000 strike, followed by the 26,500, and 26,200 strikes (91.6 lakh contracts), with the maximum Call writing at the 26,000, 25,800 and 26,300 strikes. On the Put side, the 25,500 strike holds the maximum Put open interest, followed by the 25,800 and 25,700 strikes, with the maximum Put writing at the 25,700, 25,750 and 25,600 strikes.

India VIX

The volatility index - India VIX, also known as fear gauge, remained supportive for bulls after falling below 12 zone to 11.94, down 4.94 percent for the week after rising 4 out of previous five consecutive weeks. It touched 13 level during the week, but could not sustain the same on closing basis, giving comfort for bulls. As long as it stays below this zone, the bulls may remain in comfort zone.

Corporate Action

Here are key corporate actions taking place in the coming week:

<img class="alignnone size-full wp-image-13679065 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116130306_Image2415112025.jpg" alt="Image2415112025" width="1079" height="1656" />

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Dalal Street Week ahead: FOMC minutes, India-US trade deal progress, PMI data among 10 key factors to watch

The market made a strong comeback in the week ended November 14, rising over 1.6 percent after weakness in the previous two weeks. Resolution of the US government shutdown, better-than-expected September quarter earnings, easing inflation and strong mandate for NDA government in Bihar elections lifted market sentiment, though fading expectations of a US Fed rate cut triggered profit booking in IT stocks.

In the coming week, the market is expected to remain in positive terrain with focus on the progress in India-US trade talks, FOMC minutes, FIIs mood, PMI numbers and US jobs data.

The Nifty 50 rallied 418 points (1.64 percent) during the week to 25,910, and the BSE Sensex surged 1,347 points (1.62 percent) to 84,563, while the Nifty Midcap 100 index ended at new closing high of 60,739, up 1.5 percent, and the Smallcap 100 index rose 1 percent to 18,252.

According to Vinod Nair, Head of Research at Geojit Investments, the market direction will hinge on key macro triggers such as India’s PMI data, US jobless claims, FOMC minutes and progress on US–India trade negotiations.

&quot;With the retail inflation easing and the corporate earnings season concluding on a positive note, the backdrop remains supportive for Indian equities,&quot; said Siddhartha Khemka - Head of Research, Wealth Management at Motilal Oswal Financial Services.

He expects the markets to stay firm, with a potential India–US trade deal announcement offering scope for a sharper up-move.

A prudent approach would be to focus on sectors with strong fundamentals, clear earnings visibility, and structural tailwinds—positioning portfolios for potential upgrades in H2FY26, Vinod Nair advised.

Here are 10 key factors to watch for next week:

India-US Trade Deal Progress

The market participants will keep a close watch on the progress of India-US trade deal negotiations as this is the important factor for the equity market to get into new leg of upmove. Most experts expect the Trump administration to either remove the additional 25 percent tariff imposed due to Russian oil imports or cut down the tariff to 15-20 percent from 50 percent now.

Earlier in the week, US President Donald Trump stated that Washington is planning to “bring down the tariffs” imposed on New Delhi. &quot;Well, right now, the tariffs are very high on India because of the Russian oil, and they've stopped doing the Russian oil. It's been reduced very substantially. Yeah, we're going to be bringing the tariffs down... At some point, we're going to be bringing them down,&quot; he said while responding to a question about the progress of the trade deal and the possibility of lowering tariff rates.

&quot;If trade negotiations with the US are finalised, it could provide a significant boost to investor sentiment and FIIs may once again turn positive for the Indian markets,&quot; Raghvendra Nath of Ladderup Asset Managers.

On Friday, US President Donald Trump has announced easing import duties on nearly 200 food, farm and agricultural goods, which resulted into a benefit for Indian spice traders and tea growers.

FOMC Minutes

Investors globally will keep an eye on the minutes of the Federal Reserve's policy meeting held during October 28-29. The Federal Open Market Committee (FOMC) slashed the federal funds rate by 25 bps to the range of 3.75-4.00 percent in its October policy meeting, following 25 bps cut in September meeting but Chair Jerome Powell commentary signalled low possibility of rate cut in December meeting.

In fact, the several policymakers expressed doubts about the need for another rate cut this year, suggesting that maintaining current rates may be necessary to balance persistent inflation pressures against emerging signs of labour-market softening, said Kaynat Chainwala of Kotak Securities.

Cleveland Fed President Beth Hammack and St. Louis Fed President Alberto Musalem both argued for keeping policy restrictive, with Musalem noting that rates are already close to neutral, leaving limited room for further cuts. Kansas City Fed President Jeffrey Schmid echoed similar concerns, warning that inflation remains &quot;too hot&quot; and signaling he may oppose any December rate reduction.

Further, the speeches by several Fed officials scheduled next week will also be watched, along with jobs data and Michigan inflation expectations final numbers for November.

Global Economic Data

Apart from FOMC minutes and US jobs data, globally the focus would be on the manufacturing &amp;amp; services PMI flash data for November from several nations including United States, Japan, UK, as well as Euro Zone.

Further, preliminary estimates for Q3-CY25 GDP growth numbers and inflation for October by Japan, as well as retail sales and inflation data for October by United Kingdom will also be watched next week. Europe will also announce its inflation numbers for October month.



Domestic Economic Data

Back home, the market participants will focus the unemployment rate (which was at 5.2 percent in September) and balance of trade data for October due on November 17, followed by infrastructure output for October due on November 20.

Further, HSBC Manufacturing and Services PMI flash numbers for current month, and foreign exchange reserves for week ended November 14 will be released on November 21. The manufacturing PMI climbed to 59.2 in October against 57.7 in September, however, in the same period, services PMI dropped to 58.9, compared to 60.9.

FII Flow

The mood at the Foreign Institutional Investors (FIIs) desk will also be watched as their selling in Indian markets accelerated last week, which capped the major upside in the equities, though Domestic Institutional Investors (DIIs) remained strong buyers, providing strong support to the market to drive near record high zone.

FIIs have net sold Rs 12,020 crore worth shares in the week gone by, taking the total current month's outflow to Rs 13,657 crore, but DIIs compensated the FII outflow by significant margin, buying Rs 24,674 crore worth shares during the week and Rs 41,352 crore in current month, as per provisional data. According to experts, the ongoing AI trade in countries like US, China, Taiwan and South Korea may be attracting FIIs, hence there could be selling in India but that is expected to reverse once the AI theme starts losing the steam.

Meanwhile, the Indian rupee has been rangebound especially after hitting record low of 88.87 against the US dollar in September. The currency could not see this level for last two months, closing the week at 88.64, weakening 0.01 percent and forming Doji candlestick pattern on the weekly charts, indicating indecision among bulls and bears.

The US dollar index fell for another week, down 0.28 percent to 99.27 amid the end of longest US shutdown and expectations of fed funds rate cut in December faded (following a series of hawkish comments from Fed officials). It sustained below 100 mark since second half of May this year.

IPO

The primary market will see some slowdown in new IPOs launch compared to previous weeks as only two new public issues - one each from mainboard and SME segments - will be opened for subscription next week on November 19. Both will close on November 21.

Excelsoft Technologies, the SaaS company specialising in the learning and assessment market, is raising Rs 500-crore via offer, with price band of Rs 114-120 per share, while in the SME segment, Gallard Steel aims to mobilise Rs 37.5 crore via public issue of 25 lakh shares at the upper end of price band of Rs 142-150 per share.

Further, Fujiyama Power Systems will close its Rs 828-crore IPO on November 17, followed by Capillary Technologies India offer on November 18.

On the listing front, PhysicsWallah, and Emmvee Photovoltaic Power will make its market debut on November 18, followed by Tenneco Clean Air India on November 19, Fujiyama Power Systems on November 20, and Capillary Technologies India on November 21.

In the SME segment, Workmates Core2Cloud Solution, as well as Mahamaya Lifesciences will list their shares on the BSE SME on November 18.

Technical View

Technically, the Nifty 50 remained strong despite correction in previous two weeks, forming long bullish candle with upper &amp;amp; lower shadows on the weekly timeframe with above-average volumes, and sustaining above all key moving averages as well as the midline of Bollinger bands. The RSI climbed above 60 to 61.38 with positive crossover, while the MACD maintained bullish crossover with strength in histogram. Closing and sustaining above 26,000 is expected to open door for 26,100 and 26,300 levels, while the support is placed at 25,700, followed by 25,450 being crucial support, experts said.

F&amp;amp;O Cues

According to the weekly options data, the 26,000 is the crucial resistance zone for the Nifty 50 to make a move toward 26,200-26,300, with 25,700 being immediate support zone followed by 25,500 being crucial support.

On the Call side, the maximum open interest was placed at the 26,000 strike, followed by the 26,500, and 26,200 strikes (91.6 lakh contracts), with the maximum Call writing at the 26,000, 25,800 and 26,300 strikes. On the Put side, the 25,500 strike holds the maximum Put open interest, followed by the 25,800 and 25,700 strikes, with the maximum Put writing at the 25,700, 25,750 and 25,600 strikes.

India VIX

The volatility index - India VIX, also known as fear gauge, remained supportive for bulls after falling below 12 zone to 11.94, down 4.94 percent for the week after rising 4 out of previous five consecutive weeks. It touched 13 level during the week, but could not sustain the same on closing basis, giving comfort for bulls. As long as it stays below this zone, the bulls may remain in comfort zone.

Corporate Action

Here are key corporate actions taking place in the coming week:



Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The Nifty 50 and Bank Nifty recorded healthy gains last week (ended November 14), closing above the previous week’s high with positive technical and momentum indicators. If the Nifty 50 reclaims and sustains above Friday’s high (a tad above 26,000), 26,100 is the immediate resistance to watch, followed by 26,300 as the crucial hurdle. However, the immediate support zone is 25,800–25,700, followed by 25,450 as the crucial support. Meanwhile, the Bank Nifty needs to decisively take out 58,600 (near Friday’s high) for a move toward 59,000 or uncharted territory, while 58,100–58,000 is the immediate key support area for the upcoming sessions, experts said.

On November 14, the Nifty 50 advanced 31 points to 25,910, while the Bank Nifty soared 136 points to 58,518. Market breadth continued to be dominated by bears, with 1,590 shares witnessing selling pressure against 1,260 shares that gained on the NSE.

Nifty Outlook and Strategy

Osho Krishan, Chief Manager - Technical &amp; Derivative Research at Angel One

The resilience exhibited by the bulls clearly reflects strong market sentiment, with participation observed across various sectors. Additionally, the 50% Fibonacci retracement level has demonstrated significant support, as the benchmark index has decisively reversed direction from this zone.

From a technical analysis perspective, the price range of 25,750–25,700 is expected to provide significant cushioning against potential market fluctuations in the near future. This support range is reinforced by crucial levels between 25,600 and 25,500, which are regarded as essential for maintaining upward momentum.

On the higher end, the 26,000–26,100 range presents a formidable challenge for market participants. Should the price achieve a sustained breakthrough above this critical threshold, it could trigger a new phase of market rallying, paving the way for the possibility of reaching lifetime highs and potentially exceeding those levels in the coming period.

Key Resistance: 26,000, 26,100

Key Support: 25,750, 25,600

Strategy: Buy Nifty Futures on dips to 25,700, with a stop-loss of 25,600, and book profits near 26,100.

Rajesh Palviya, Senior Vice President Research (Head Technical Derivatives) at Axis Securities

The Nifty recorded a weekly gain of 418 points and formed a strong bullish candle on the weekly chart, establishing a higher high–low structure and closing above the prior week’s high, which reinforces a positive bias.

The index experienced a pullback toward the breakout medium-term trendline that has been in place since mid-October 2025 and rebounded sharply. However, strong resistance remains near the 26,000 level. A decisive close above the 26,000 to 26,300 range would open the door for further gains, while 25,450 is an important support level.

If Nifty moves decisively above 26,000, it may generate buying interest toward 26,300 to 26,500. Conversely, a drop below 25,700 could trigger selling pressure, pushing the index toward the 25,450 to 25,200 range. For the upcoming week, we expect Nifty to trade within the range of 26,500 to 25,200 while maintaining a positive bias. Additionally, the weekly RSI remains above its reference line, indicating this positive bias.

Key Resistance: 26,000, 26250

Key Support: 25,700,, 25,550

Strategy: Buy Nifty Futures around 25,800 with a stop-loss of 25,700, targeting 26,050–26,150.

Anshul Jain, Head of Research at Lakshmishree Investments

As we’ve been highlighting, Nifty bears needed strong evidence, and they clearly haven’t got it. Bank Nifty isn’t aligning with the bearish breakdown attempts on Nifty, and that divergence has now played out — bears have failed. Last week’s strong bullish candle confirms that sellers are trapped and bulls have regained control.

On the volume profile, last month’s Point of Control at 25,910 is acting as a key resistance. A sustained move above 25,910 can unleash fresh momentum, pushing the index toward a new swing high above 26,014, which also stands as the next resistance zone.

Immediate support sits at 25,780, followed by 25,700. Momentum indicators across daily, weekly, and 75-minute charts remain bullishly aligned, adding further confirmation to the positive structure.

The price action, momentum alignment, and failed bearish attempt all point to a bullish continuation in the coming sessions.

Key Resistance: 26,104, 26,250

Key Support: 25,780, 25,700

Strategy: Buy Nifty Futures on a sustained move above 25,910 for a 26,104 target with an immediate stop-loss below 25,850.

Bank Nifty - Outlook and Positioning

Osho Krishan, Chief Manager - Technical &amp; Derivative Research at Angel One

Bank Nifty had an encouraging week of trade, as the index finally shrugged off the prior three weeks of range-bound movement. The primary uptrend for the heavyweight index appears to have firmly resumed, with Bank Nifty registering its highest weekly close ever.

The strength of the ongoing trend is evident from last week’s successful retest of prior swing highs, followed by a convincing breakout above the recent small symmetrical triangle formed around the all-time-high zone. This breakout, coupled with a clean retest of the 20-DEMA, has further reinforced the underlying bullish momentum.

Going forward, we expect prices to continue their upward trajectory, particularly once the 58,600 level is taken out decisively. Until then, adopting a strategy to buy on dips toward key supports remains attractive. Immediate support lies in the 57,800–57,750 band, aligned with the 20-DEMA, followed by stronger support at 57,150. On the flip side, as the index hovers near all-time highs in uncharted territory, identifying resistance becomes challenging, but the 58,800 level, aligning with the 38.2% Fibonacci extension, can act as an immediate hurdle. Overall, the outlook remains strongly bullish.

Key Resistance: 58,800, 59,200

Key Support: 57,800, 57,750

Strategy: Buy Bank Nifty Futures on dips to 58,200–58,000 for a potential target of 58,800–59,200, with a stop-loss of 57,800.

Rajesh Palviya, Senior Vice President Research (Head Technical Derivatives) at Axis Securities

Bank Nifty closed with a weekly gain of 641 points and formed a bullish candle on the weekly chart, indicating a positive bias.

After breaking above the medium-term horizontal resistance level at 57,600, the index has entered a consolidation phase within the 58,600 to 57,600 range. A decisive breakout above this band would likely resume and extend the upward movement that followed the breakout. A sustained move above 58,600 could encourage buying toward 59,000 to 59,500, while a decline below 58,000 might invite selling pressure toward 57,500 to 57,200.

For the week ahead, we expect Bank Nifty to oscillate within the 59,500 to 57,200 range, maintaining a positive bias. The daily and weekly RSI indicators remain firmly above the 50 mark, which reinforces the underlying bullish momentum.

Key Resistance: 58,850, 59000

Key Support: 58,350, 58,100

Strategy: Buy Bank Nifty Futures around 58,550 with a stop-loss of 58,350, targeting 58,800–59,000.

Anshul Jain, Head of Research at Lakshmishree Investments

Bank Nifty delivered a powerful technical sequence last week as it successfully tested the bullish Fair Value Gap (FVG) and then followed up with a strong continuation candle on the weekly chart. Last week’s closing was extremely bullish, clearly signaling that demand is active and buyers are in control.

Adding to this strength, the index has also witnessed four consecutive weeks of tight closes, which, combined with the bullish FVG test, forms a high-conviction breakout structure. This alignment unmistakably indicates that bulls are dominating the trend and momentum is firmly on their side. A sustained move above 58,600 is likely to trigger an immediate upside toward 59,200, and once that level is surpassed, the psychological 60,000 mark becomes a highly probable target. On the downside, immediate support is placed at 58,000, and below that, 57,700 will act as the next cushion for the index.

Key Resistance: 59,200, 60,000

Key Support: 58,000, 57,700

Strategy: Buy Bank Nifty Futures on a breakout above 58,600 for a 59,200–60,000 target with a stop-loss below 58,300.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Trading Plan: Will Nifty 50, Bank Nifty break above Friday’s high with bulls in charge?

The Nifty 50 and Bank Nifty recorded healthy gains last week (ended November 14), closing above the previous week’s high with positive technical and momentum indicators. If the Nifty 50 reclaims and sustains above Friday’s high (a tad above 26,000), 26,100 is the immediate resistance to watch, followed by 26,300 as the crucial hurdle. However, the immediate support zone is 25,800–25,700, followed by 25,450 as the crucial support. Meanwhile, the Bank Nifty needs to decisively take out 58,600 (near Friday’s high) for a move toward 59,000 or uncharted territory, while 58,100–58,000 is the immediate key support area for the upcoming sessions, experts said.

On November 14, the Nifty 50 advanced 31 points to 25,910, while the Bank Nifty soared 136 points to 58,518. Market breadth continued to be dominated by bears, with 1,590 shares witnessing selling pressure against 1,260 shares that gained on the NSE.

Nifty Outlook and Strategy

Osho Krishan, Chief Manager - Technical &amp;amp; Derivative Research at Angel One

The resilience exhibited by the bulls clearly reflects strong market sentiment, with participation observed across various sectors. Additionally, the 50% Fibonacci retracement level has demonstrated significant support, as the benchmark index has decisively reversed direction from this zone.

From a technical analysis perspective, the price range of 25,750–25,700 is expected to provide significant cushioning against potential market fluctuations in the near future. This support range is reinforced by crucial levels between 25,600 and 25,500, which are regarded as essential for maintaining upward momentum.

On the higher end, the 26,000–26,100 range presents a formidable challenge for market participants. Should the price achieve a sustained breakthrough above this critical threshold, it could trigger a new phase of market rallying, paving the way for the possibility of reaching lifetime highs and potentially exceeding those levels in the coming period.

Key Resistance: 26,000, 26,100

Key Support: 25,750, 25,600

Strategy: Buy Nifty Futures on dips to 25,700, with a stop-loss of 25,600, and book profits near 26,100.

Rajesh Palviya, Senior Vice President Research (Head Technical Derivatives) at Axis Securities

The Nifty recorded a weekly gain of 418 points and formed a strong bullish candle on the weekly chart, establishing a higher high–low structure and closing above the prior week’s high, which reinforces a positive bias.

The index experienced a pullback toward the breakout medium-term trendline that has been in place since mid-October 2025 and rebounded sharply. However, strong resistance remains near the 26,000 level. A decisive close above the 26,000 to 26,300 range would open the door for further gains, while 25,450 is an important support level.

If Nifty moves decisively above 26,000, it may generate buying interest toward 26,300 to 26,500. Conversely, a drop below 25,700 could trigger selling pressure, pushing the index toward the 25,450 to 25,200 range. For the upcoming week, we expect Nifty to trade within the range of 26,500 to 25,200 while maintaining a positive bias. Additionally, the weekly RSI remains above its reference line, indicating this positive bias.

Key Resistance: 26,000, 26250

Key Support: 25,700,, 25,550

Strategy: Buy Nifty Futures around 25,800 with a stop-loss of 25,700, targeting 26,050–26,150.

Anshul Jain, Head of Research at Lakshmishree Investments

As we’ve been highlighting, Nifty bears needed strong evidence, and they clearly haven’t got it. Bank Nifty isn’t aligning with the bearish breakdown attempts on Nifty, and that divergence has now played out — bears have failed. Last week’s strong bullish candle confirms that sellers are trapped and bulls have regained control.

On the volume profile, last month’s Point of Control at 25,910 is acting as a key resistance. A sustained move above 25,910 can unleash fresh momentum, pushing the index toward a new swing high above 26,014, which also stands as the next resistance zone.

Immediate support sits at 25,780, followed by 25,700. Momentum indicators across daily, weekly, and 75-minute charts remain bullishly aligned, adding further confirmation to the positive structure.

The price action, momentum alignment, and failed bearish attempt all point to a bullish continuation in the coming sessions.

Key Resistance: 26,104, 26,250

Key Support: 25,780, 25,700

Strategy: Buy Nifty Futures on a sustained move above 25,910 for a 26,104 target with an immediate stop-loss below 25,850.

Bank Nifty - Outlook and Positioning

Osho Krishan, Chief Manager - Technical &amp;amp; Derivative Research at Angel One

Bank Nifty had an encouraging week of trade, as the index finally shrugged off the prior three weeks of range-bound movement. The primary uptrend for the heavyweight index appears to have firmly resumed, with Bank Nifty registering its highest weekly close ever.

The strength of the ongoing trend is evident from last week’s successful retest of prior swing highs, followed by a convincing breakout above the recent small symmetrical triangle formed around the all-time-high zone. This breakout, coupled with a clean retest of the 20-DEMA, has further reinforced the underlying bullish momentum.

Going forward, we expect prices to continue their upward trajectory, particularly once the 58,600 level is taken out decisively. Until then, adopting a strategy to buy on dips toward key supports remains attractive. Immediate support lies in the 57,800–57,750 band, aligned with the 20-DEMA, followed by stronger support at 57,150. On the flip side, as the index hovers near all-time highs in uncharted territory, identifying resistance becomes challenging, but the 58,800 level, aligning with the 38.2% Fibonacci extension, can act as an immediate hurdle. Overall, the outlook remains strongly bullish.

Key Resistance: 58,800, 59,200

Key Support: 57,800, 57,750

Strategy: Buy Bank Nifty Futures on dips to 58,200–58,000 for a potential target of 58,800–59,200, with a stop-loss of 57,800.

Rajesh Palviya, Senior Vice President Research (Head Technical Derivatives) at Axis Securities

Bank Nifty closed with a weekly gain of 641 points and formed a bullish candle on the weekly chart, indicating a positive bias.

After breaking above the medium-term horizontal resistance level at 57,600, the index has entered a consolidation phase within the 58,600 to 57,600 range. A decisive breakout above this band would likely resume and extend the upward movement that followed the breakout. A sustained move above 58,600 could encourage buying toward 59,000 to 59,500, while a decline below 58,000 might invite selling pressure toward 57,500 to 57,200.

For the week ahead, we expect Bank Nifty to oscillate within the 59,500 to 57,200 range, maintaining a positive bias. The daily and weekly RSI indicators remain firmly above the 50 mark, which reinforces the underlying bullish momentum.

Key Resistance: 58,850, 59000

Key Support: 58,350, 58,100

Strategy: Buy Bank Nifty Futures around 58,550 with a stop-loss of 58,350, targeting 58,800–59,000.

Anshul Jain, Head of Research at Lakshmishree Investments

Bank Nifty delivered a powerful technical sequence last week as it successfully tested the bullish Fair Value Gap (FVG) and then followed up with a strong continuation candle on the weekly chart. Last week’s closing was extremely bullish, clearly signaling that demand is active and buyers are in control.

Adding to this strength, the index has also witnessed four consecutive weeks of tight closes, which, combined with the bullish FVG test, forms a high-conviction breakout structure. This alignment unmistakably indicates that bulls are dominating the trend and momentum is firmly on their side. A sustained move above 58,600 is likely to trigger an immediate upside toward 59,200, and once that level is surpassed, the psychological 60,000 mark becomes a highly probable target. On the downside, immediate support is placed at 58,000, and below that, 57,700 will act as the next cushion for the index.

Key Resistance: 59,200, 60,000

Key Support: 58,000, 57,700

Strategy: Buy Bank Nifty Futures on a breakout above 58,600 for a 59,200–60,000 target with a stop-loss below 58,300.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The late trade recovery helped the Nifty 50 close at a more than two-week high, i.e., above 25,900, especially after the mandate for the NDA in the Bihar elections, up 0.1 percent on November 14, with strengthening technical and momentum indicators. As long as the index sustains above 25,700, the upward journey toward the 26,000–26,100 hurdle is possible in the upcoming sessions; however, falling below this can bring the index toward the crucial support of the 25,500–25,450 zone, according to experts.

<img class="alignnone size-full wp-image-13678619 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194004_Image1115112025.jpg" alt="Image1115112025" width="1281" height="646" />

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html" target="_blank">Nifty 50</a> (25,910)

Resistance based on pivot points: 25,940, 25,987, and 26,063

Support based on pivot points: 25,788, 25,740, and 25,664

Special Formation: The Nifty 50 formed a long bullish candle on the daily charts with above-average volumes, sustaining above all key moving averages and in the upper Bollinger Band. The short-term moving averages trended upward. The RSI stayed above the 60 level at 62.24 with a bullish crossover, and the Stochastic RSI remained in a positive crossover. The histogram inched closer to the zero line, and the MACD inclined toward the reference line. All this indicates strengthening bullish momentum and the potential for continued upside in the near term.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (58,518)

Resistance based on pivot points: 58,592, 58,720, and 58,926

Support based on pivot points: 58,180, 58,052, and 57,846

Resistance based on Fibonacci retracement: 58,735, 60,142

Support based on Fibonacci retracement: 57,430, 56,688

Special Formation: The Bank Nifty sustained above the falling trendline (which was resistance earlier and now acts as support) for the third straight session and reached the upper line of the Bollinger Band, forming a long bullish candle on the daily timeframe. The index ended at a new closing high with 0.23 percent gains, sustaining above all key moving averages. The RSI, at 67.08, showed a positive crossover, and the Stochastic RSI sustained its bullish crossover. The MACD histogram weakness has consistently been fading. All this indicates a continuation of the prevailing uptrend with strong buying interest and supportive momentum.

<img class="alignnone size-full wp-image-13678620 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194054_Image1215112025.jpg" alt="Image1215112025" width="1281" height="646" />

3) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Call Options Data</a>

According to the weekly options data, the maximum Call open interest was seen at the 26,000 strike (with 1.36 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 26,500 strike (1.03 crore contracts) and 26,200 strike (91.6 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 43.69 lakh contracts, followed by the 25,800 and 26,300 strikes, which added 35.94 lakh and 34.86 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,500 strike, which shed 1.12 lakh contracts, followed by the 25,400 and 25,600 strikes, which shed 1.1 lakh and 98,325 contracts, respectively.

<img class="alignnone size-full wp-image-13678621 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194152_Image1415112025.jpg" alt="Image1415112025" width="1253" height="341" />

4) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Put Options Data</a>

On the Put side, the 25,500 strike holds the maximum Put open interest (with 87.49 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 25,800 strike (83.6 lakh contracts) and the 25,700 strike (79.56 lakh contracts).

The maximum Put writing was placed at the 25,700 strike, which saw an addition of 32.85 lakh contracts, followed by the 25,750 and 25,600 strikes, which added 21.45 lakh and 20.66 lakh contracts, respectively. The maximum Put unwinding was seen at the 26,500 strike which shed 55,500 contracts, followed by the 26,200 and 26,300 strikes, which shed 48,675 and 39,375 contracts, respectively.

<img class="alignnone size-full wp-image-13678622 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194218_Image1515112025.jpg" alt="Image1515112025" width="1250" height="344" />

5) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Call Options Data</a>

According to the monthly options data, the 58,500 strike holds the maximum Call open interest, with 19.33 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 60,000 strike (12.32 lakh contracts) and the 59,000 strike (11.64 lakh contracts).

Maximum Call writing was observed at the 58,500 strike (with the addition of 2.88 lakh contracts), followed by the 59,000 strike (92,225 contracts) and 60,000 strike (88,585 contracts). The maximum Call unwinding was seen at the 58,000 strike, which shed 2.43 lakh contracts, followed by the 58,200 and 58,400 strikes, which shed 46,270 and 40,215 contracts, respectively.

<img class="alignnone size-full wp-image-13678623 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194239_Image1615112025.jpg" alt="Image1615112025" width="1253" height="339" />

6) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Put Options Data</a>

On the Put side, the maximum Put open interest was seen at the 58,500 strike (with 17.3 lakh contracts), which can act as a key level for the index. This was followed by the 58,000 strike (14.55 lakh contracts) and the 57,000 strike (11.77 lakh contracts).

The maximum Put writing was placed at the 58,500 strike (which added 1.32 lakh contracts), followed by the 56,800 strike (36,155 contracts) and the 58,600 strike (31,640 contracts). The maximum Put unwinding was seen at the 58,400 strike which shed 44,660 contracts, followed by the 57,700 and 57,800 strikes, which shed 36,995 and 25,060 contracts, respectively.

<img class="alignnone size-full wp-image-13678624 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194302_Image1715112025.jpg" alt="Image1715112025" width="1250" height="347" />

7) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Funds Flow (Rs crore)</a>

<img class="alignnone size-full wp-image-13679219 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116192203_Image3015112025.jpg" alt="Image3015112025" width="1944" height="1322" />

8) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Put-Call Ratio</a>

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, dropped to 0.92 on November 14, compared to 1.1 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

<img class="alignnone size-full wp-image-13678626 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194346_Image1815112025.jpg" alt="Image1815112025" width="1251" height="509" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

The India VIX, known as the fear gauge, dropped to 11.94 on Friday, down 1.85 percent and falling below the 10- and 100-day EMAs, providing comfort for bulls. Bulls may get into a strong comfort zone if VIX falls and sustains below all key moving averages, experts said.

<img class="alignnone size-full wp-image-13678627 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251115194411_Image1315112025.jpg" alt="Image1315112025" width="1281" height="646" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (76 Stocks)</a>

A long build-up was seen in 76 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13679215 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116191849_Image2615112025.jpg" alt="Image2615112025" width="1944" height="1952" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (43 Stocks)</a>

43 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13679216 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116191932_Image2715112025.jpg" alt="Image2715112025" width="1944" height="1978" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (53 Stocks)</a>

53 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

<img class="alignnone size-full wp-image-13679217 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116192020_Image2815112025.jpg" alt="Image2815112025" width="1944" height="1929" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (41 Stocks)</a>

41 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13679220 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116192256_Image3115112025.jpg" alt="Image3115112025" width="1944" height="1976" />

14) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">High Delivery Trades</a>

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

<img class="alignnone size-full wp-image-13679218 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251116192109_Image2915112025.jpg" alt="Image2915112025" width="1944" height="1994" />

15) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Stocks Under F&amp;O Ban</a>

Securities banned under the F&amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;O ban: Nil

Stocks retained in F&amp;O ban: SAIL

Stocks removed from F&amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Trade setup for November 17: Top 15 things to know before the opening bells

The late trade recovery helped the Nifty 50 close at a more than two-week high, i.e., above 25,900, especially after the mandate for the NDA in the Bihar elections, up 0.1 percent on November 14, with strengthening technical and momentum indicators. As long as the index sustains above 25,700, the upward journey toward the 26,000–26,100 hurdle is possible in the upcoming sessions; however, falling below this can bring the index toward the crucial support of the 25,500–25,450 zone, according to experts.



Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,910)

Resistance based on pivot points: 25,940, 25,987, and 26,063

Support based on pivot points: 25,788, 25,740, and 25,664

Special Formation: The Nifty 50 formed a long bullish candle on the daily charts with above-average volumes, sustaining above all key moving averages and in the upper Bollinger Band. The short-term moving averages trended upward. The RSI stayed above the 60 level at 62.24 with a bullish crossover, and the Stochastic RSI remained in a positive crossover. The histogram inched closer to the zero line, and the MACD inclined toward the reference line. All this indicates strengthening bullish momentum and the potential for continued upside in the near term.

2) Key Levels For The Bank Nifty (58,518)

Resistance based on pivot points: 58,592, 58,720, and 58,926

Support based on pivot points: 58,180, 58,052, and 57,846

Resistance based on Fibonacci retracement: 58,735, 60,142

Support based on Fibonacci retracement: 57,430, 56,688

Special Formation: The Bank Nifty sustained above the falling trendline (which was resistance earlier and now acts as support) for the third straight session and reached the upper line of the Bollinger Band, forming a long bullish candle on the daily timeframe. The index ended at a new closing high with 0.23 percent gains, sustaining above all key moving averages. The RSI, at 67.08, showed a positive crossover, and the Stochastic RSI sustained its bullish crossover. The MACD histogram weakness has consistently been fading. All this indicates a continuation of the prevailing uptrend with strong buying interest and supportive momentum.



3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 26,000 strike (with 1.36 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 26,500 strike (1.03 crore contracts) and 26,200 strike (91.6 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 43.69 lakh contracts, followed by the 25,800 and 26,300 strikes, which added 35.94 lakh and 34.86 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,500 strike, which shed 1.12 lakh contracts, followed by the 25,400 and 25,600 strikes, which shed 1.1 lakh and 98,325 contracts, respectively.



4) Nifty Put Options Data

On the Put side, the 25,500 strike holds the maximum Put open interest (with 87.49 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 25,800 strike (83.6 lakh contracts) and the 25,700 strike (79.56 lakh contracts).

The maximum Put writing was placed at the 25,700 strike, which saw an addition of 32.85 lakh contracts, followed by the 25,750 and 25,600 strikes, which added 21.45 lakh and 20.66 lakh contracts, respectively. The maximum Put unwinding was seen at the 26,500 strike which shed 55,500 contracts, followed by the 26,200 and 26,300 strikes, which shed 48,675 and 39,375 contracts, respectively.



5) Bank Nifty Call Options Data

According to the monthly options data, the 58,500 strike holds the maximum Call open interest, with 19.33 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 60,000 strike (12.32 lakh contracts) and the 59,000 strike (11.64 lakh contracts).

Maximum Call writing was observed at the 58,500 strike (with the addition of 2.88 lakh contracts), followed by the 59,000 strike (92,225 contracts) and 60,000 strike (88,585 contracts). The maximum Call unwinding was seen at the 58,000 strike, which shed 2.43 lakh contracts, followed by the 58,200 and 58,400 strikes, which shed 46,270 and 40,215 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 58,500 strike (with 17.3 lakh contracts), which can act as a key level for the index. This was followed by the 58,000 strike (14.55 lakh contracts) and the 57,000 strike (11.77 lakh contracts).

The maximum Put writing was placed at the 58,500 strike (which added 1.32 lakh contracts), followed by the 56,800 strike (36,155 contracts) and the 58,600 strike (31,640 contracts). The maximum Put unwinding was seen at the 58,400 strike which shed 44,660 contracts, followed by the 57,700 and 57,800 strikes, which shed 36,995 and 25,060 contracts, respectively.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, dropped to 0.92 on November 14, compared to 1.1 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.



9) India VIX

The India VIX, known as the fear gauge, dropped to 11.94 on Friday, down 1.85 percent and falling below the 10- and 100-day EMAs, providing comfort for bulls. Bulls may get into a strong comfort zone if VIX falls and sustains below all key moving averages, experts said.



10) Long Build-up (76 Stocks)

A long build-up was seen in 76 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (43 Stocks)

43 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.



12) Short Build-up (53 Stocks)

53 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.



13) Short-Covering (41 Stocks)

41 stocks saw short-covering, meaning a decrease in OI, along with a price increase.



14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.



15) Stocks Under F&amp;amp;O Ban

Securities banned under the F&amp;amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;amp;O ban: Nil

Stocks retained in F&amp;amp;O ban: SAIL

Stocks removed from F&amp;amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

The Nifty MidCap 100 index is showing a classic inverted head and shoulders pattern. The upside target, projected from the head to the neckline, comes to nearly 72,000, suggesting the potential for a significant upside run in the index, Ashish Kyal, the CMT, Founder and CEO of Waves Strategy Advisors said in an interview to Moneycontrol.

He advised using any dips as buying opportunities in line with this positive momentum.

In case of Nifty 50, he believes the index is on the verge of a breakout, suggesting strong upward momentum in the near term. "The index could reach levels around 26,400 in the second half of the current month. Also, this can be 3rd wave on upside as per Elliott wave," he said.

Do you see an inverted head-and-shoulders breakout forming in the Nifty Midcap 100 index on the weekly charts? If so, does it indicate the potential for a stellar rally despite intermittent consolidation?

The Nifty MidCap 100 Index is showing a classic inverted head and shoulders pattern, with a breakout above the neckline at approximately 60,250. Currently, the index has recorded its highest weekly close at 60,739.

The upside target, projected from the head to the neckline, comes to nearly 72,000, suggesting the potential for a significant upside run in the MidCap index. This strong performance is notable, especially considering India is still standing at a 50% tariff, highlighting the robust relative outperformance of Indian equities.

Additionally, Bank Nifty has already reached lifetime highs, and the Nifty is close to moving there. The MidCap index is also on the verge of a breakout. These indicators point to very strong bullish signals from a technical perspective.

It is advisable to use any dips as buying opportunities in line with this positive momentum.

Do you expect the uptrend to continue in Star Health after its consolidation breakout and 7 percent rally last week?

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/starhealthalliedinsurancecompany/SHA">Star Health and Allied Insurance</a> demonstrated a strong breakout last week. The stock has formed a clear inverted head and shoulders pattern, signalling an upside target around Rs 580.

Given the short-term overbought RSI, a buy-on-dips strategy is advisable rather than chasing the stock at current levels. Support on the downside is around Rs 500, which also aligns with the neckline of the pattern. As long as this level holds, the overall trend remains positive, supporting the target of Rs 580.

Are you bullish on <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/cityunionbank/CUB">City Union Bank</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/canarabank/CB06">Canara Bank</a>?

City Union Bank has formed a rounding bottom pattern and delivered a strong breakout, with the weekly close sharply higher. The overall trend for the stock is positive, with an upside target around Rs 320 or higher. On the downside, support lies near the prior swing level of Rs 240, which should hold to maintain the bullish outlook.

Canara Bank has been a strong outperformer within the PSU banking sector, showing significant relative strength compared to Bank Nifty. The overall trend remains upside-biased, with targets near Rs 170, provided the support at Rs 130 remains intact.

Do you see the possibility of the Nifty 50 moving beyond 26,277 (its record high) in the second half of the current month?

The Nifty 50 weekly candle managed to close above the prior week’s high after three consecutive weeks of decline, indicating a potential shift in momentum. Prices are on the verge of a breakout, suggesting strong upward momentum in the near term. The index could reach levels around 26,400 in the second half of the current month. Also, this can be 3rd wave on upside as per Elliott wave.

On the downside, support lies near 25,740, the low recorded on the Bihar election result day. A breach below this level may lead to a few days of consolidation before another breakout occurs.

Do you believe <a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/marico/M13">Marico</a> may break out on the higher side, given the consolidation seen since the second half of April?

Marico has been consolidating within a range since May 2025, with resistance around Rs 750 and strong support near Rs 690. While a breakout has not yet occurred, the overall undertone appears positive.

Trader can use dips to buy around Rs 730, aiming for a move back toward Rs 750 or possibly higher. On the downside, the key support level is around Rs 715.

Do you expect the Bank Nifty to reach 60,000 before the end of this calendar year?

Bank Nifty has been a market leader over the past several months, being the first index to reach lifetime highs. Currently, prices are near the prior swing high and poised for an upside breakout. The index could reach 60,000 in the near term, provided the support at 57,800 holds.

From a weekly perspective, the public sector banking space (PSU banks) has been outperforming, and private sector banks are expected to catch up, further supporting the upside rally. Overall, technical patterns suggest Bank Nifty is potentially entering the 3rd wave higher.

What are your top two bets for next week?

<a href="https://www.moneycontrol.com/india/stockpricequote/defence/parasdefencespacetechnologies/PDS01">Paras Defence and Space Technologies</a>

Defense companies continued their upward movement, outperforming the market, with the Nifty India Defense Index surging 4% in the past one week. In which, Paras surged by more than 6% post company reported strong quarterly earnings. On the daily chart, stock is trading in a rectangular range of Rs 609 to Rs 773 levels since July 2025 which indicates accumulation.

If prices manage to give a close above Rs 773 levels, then it can result into a bullish breakout of the said pattern which can push prices towards Rs 850 levels or higher. On the downside Rs 725 is the crucial support.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/lupin/L">Lupin</a>

Pharma sector is on the verge to give breakout. In which, Lupin is trading at important resistance of Rs 2,070 levels which also happens to be near a neckline of the rounding bottom pattern and any breakout of it can trigger fresh course of rally towards Rs 2,200-2,240 levels or higher. Prices are also protecting prior day's low since past three sessions which is a positive sign. On the downside, Rs 1,985 level should remain protected.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Chartist Talk: Ashish Kyal flags Nifty’s third wave, targets 26,400 by Nov-end; Midcap seen at 72,000

The Nifty MidCap 100 index is showing a classic inverted head and shoulders pattern. The upside target, projected from the head to the neckline, comes to nearly 72,000, suggesting the potential for a significant upside run in the index, Ashish Kyal, the CMT, Founder and CEO of Waves Strategy Advisors said in an interview to Moneycontrol.

He advised using any dips as buying opportunities in line with this positive momentum.

In case of Nifty 50, he believes the index is on the verge of a breakout, suggesting strong upward momentum in the near term. &quot;The index could reach levels around 26,400 in the second half of the current month. Also, this can be 3rd wave on upside as per Elliott wave,&quot; he said.

Do you see an inverted head-and-shoulders breakout forming in the Nifty Midcap 100 index on the weekly charts? If so, does it indicate the potential for a stellar rally despite intermittent consolidation?

The Nifty MidCap 100 Index is showing a classic inverted head and shoulders pattern, with a breakout above the neckline at approximately 60,250. Currently, the index has recorded its highest weekly close at 60,739.

The upside target, projected from the head to the neckline, comes to nearly 72,000, suggesting the potential for a significant upside run in the MidCap index. This strong performance is notable, especially considering India is still standing at a 50% tariff, highlighting the robust relative outperformance of Indian equities.

Additionally, Bank Nifty has already reached lifetime highs, and the Nifty is close to moving there. The MidCap index is also on the verge of a breakout. These indicators point to very strong bullish signals from a technical perspective.

It is advisable to use any dips as buying opportunities in line with this positive momentum.

Do you expect the uptrend to continue in Star Health after its consolidation breakout and 7 percent rally last week?

Star Health and Allied Insurance demonstrated a strong breakout last week. The stock has formed a clear inverted head and shoulders pattern, signalling an upside target around Rs 580.

Given the short-term overbought RSI, a buy-on-dips strategy is advisable rather than chasing the stock at current levels. Support on the downside is around Rs 500, which also aligns with the neckline of the pattern. As long as this level holds, the overall trend remains positive, supporting the target of Rs 580.

Are you bullish on City Union Bank and Canara Bank?

City Union Bank has formed a rounding bottom pattern and delivered a strong breakout, with the weekly close sharply higher. The overall trend for the stock is positive, with an upside target around Rs 320 or higher. On the downside, support lies near the prior swing level of Rs 240, which should hold to maintain the bullish outlook.

Canara Bank has been a strong outperformer within the PSU banking sector, showing significant relative strength compared to Bank Nifty. The overall trend remains upside-biased, with targets near Rs 170, provided the support at Rs 130 remains intact.

Do you see the possibility of the Nifty 50 moving beyond 26,277 (its record high) in the second half of the current month?

The Nifty 50 weekly candle managed to close above the prior week’s high after three consecutive weeks of decline, indicating a potential shift in momentum. Prices are on the verge of a breakout, suggesting strong upward momentum in the near term. The index could reach levels around 26,400 in the second half of the current month. Also, this can be 3rd wave on upside as per Elliott wave.

On the downside, support lies near 25,740, the low recorded on the Bihar election result day. A breach below this level may lead to a few days of consolidation before another breakout occurs.

Do you believe Marico may break out on the higher side, given the consolidation seen since the second half of April?

Marico has been consolidating within a range since May 2025, with resistance around Rs 750 and strong support near Rs 690. While a breakout has not yet occurred, the overall undertone appears positive.

Trader can use dips to buy around Rs 730, aiming for a move back toward Rs 750 or possibly higher. On the downside, the key support level is around Rs 715.

Do you expect the Bank Nifty to reach 60,000 before the end of this calendar year?

Bank Nifty has been a market leader over the past several months, being the first index to reach lifetime highs. Currently, prices are near the prior swing high and poised for an upside breakout. The index could reach 60,000 in the near term, provided the support at 57,800 holds.

From a weekly perspective, the public sector banking space (PSU banks) has been outperforming, and private sector banks are expected to catch up, further supporting the upside rally. Overall, technical patterns suggest Bank Nifty is potentially entering the 3rd wave higher.

What are your top two bets for next week?

Paras Defence and Space Technologies

Defense companies continued their upward movement, outperforming the market, with the Nifty India Defense Index surging 4% in the past one week. In which, Paras surged by more than 6% post company reported strong quarterly earnings. On the daily chart, stock is trading in a rectangular range of Rs 609 to Rs 773 levels since July 2025 which indicates accumulation.

If prices manage to give a close above Rs 773 levels, then it can result into a bullish breakout of the said pattern which can push prices towards Rs 850 levels or higher. On the downside Rs 725 is the crucial support.

Lupin

Pharma sector is on the verge to give breakout. In which, Lupin is trading at important resistance of Rs 2,070 levels which also happens to be near a neckline of the rounding bottom pattern and any breakout of it can trigger fresh course of rally towards Rs 2,200-2,240 levels or higher. Prices are also protecting prior day's low since past three sessions which is a positive sign. On the downside, Rs 1,985 level should remain protected.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

After reading Q2 earnings and management commentaries, Kush Gupta, Director at SKG Investment &amp; Advisory told Moneycontrol that his outlook for Q3FY26 earnings remains optimistic.

"Earnings momentum is steady, management commentaries indicate firm demand and acceleration towards going into FY27," he said, adding while IT sector is doing poorly, financials, agriculture and consumption are expected to shine.

He is bullish on domestic consumption on all fronts. One space in AI that does interest him is the growth of digital infrastructure companies that are providing the hardware, storage facilities, data centres etc to enable its growth.

What is your take on the auto earnings? Do you think the real test for two-wheeler and four-wheeler makers will begin in December–January, depending on whether growth sustains, given that companies have indicated some softness in demand?

India’s auto sector enters H2 FY26 on a strong footing, supported by robust Q2 performance and an early festive push. September 2025 delivered record sales across passenger vehicles (PV), two wheelers and three wheelers, even though GST 2.0 benefits were available for only nine days. Strong exports, firm rural mobility demand and steady consumer sentiment boosted by GST cuts, earlier RBI rate relief and income tax benefits underpinned the sector’s momentum.

But going forward the OEMs remain cautious, despite the festive surge, PV sales in Q2 fell –1.5 percent and UVs (utility vehicles) dipped 2.1 percent as compared to Q2 the previous year, indicating underlying softness. December- January period could be critical in keeping the momentum.

With some automakers flagging early signs of retail fatigue, the key test will come in Q4 results, once the extended festive and wedding season ends. Sustained demand will depend on inventory normalization, liquidity and how effectively GST 2.0 supports affordability beyond the festival period.

How would you summarise the September quarter earnings season that concluded on November 14?

India’s corporate earnings for Q2FY26 are shaping up stronger than anticipated, with early results indicating a broad but sector skewed recovery led by commodities, capital goods and technology. Oil profits surged nearly nine-fold, alongside solid gains in technology, cement and metals. Strong performances in cement, IT, PSU banks, real estate and metals.

The key monitorable remains the sustainability of this momentum amid normalising input costs and demand after the festive boost. Nifty 500 companies have reported a 9 percent YoY growth in sales and profits, we are expecting the growth to continue through H1 of 2026.

Capex heavy industries have also shown strong results with the likes of CG Power and Hitachi Energy leading the way. Order inflows have shown heavy momentum here. The overall outlook is cautiously improving; however, it depends heavily on the durability of the recovery and margin expansion, with the global economic environment likely to play a major role over the next 3–4 quarters.

After reviewing the earnings data and management commentaries, are you optimistic about Q3 results?

Yes, the outlook for Q3 remains optimistic. Earnings momentum is steady, management commentaries indicate firm demand and acceleration towards going into FY27. While IT sector is doing poorly, financials, agriculture and consumption are expected to shine. Rural demand is rising and outpacing urban areas in sectors like FMCG with a 7.7 percent YoY growth.

I am bullish on domestic consumption on all fronts, disposable income is increasing, we are seeing low interest rates and easing inflation. This is an ideal scenario for a boost in consumer behaviour across auto, travel, hospitality and discretionary spending.

On the agriculture front, GST cuts, good monsoon season and government subsidies will continue to fuel better earnings. Aided with stable MSPs and lower input costs, agriculture income has also shown improvement.

With robust manufacturing data and stable macros, Q3 is likely to be a healthy quarter, though stock specific divergence may persist due to valuations.

With inflation continuing to trend lower, do you think there is scope for the RBI to cut rates in its December and February policy meetings?

With inflation steadily trending lower and core inflation remaining contained, the macro backdrop does create theoretical room for the RBI to consider rate cuts in the December or February meetings. India’s consumer inflation came to 0.25 percent In October, which was more than expected, strengthening the case further.

However, the governor Mr. Sanjay Malhotra said that the effects of the 50-basis point rate cut in June have yet to filter through the economy. Given that, the central bank is likely to remain cautious and not show any hurry to cut rates. Global uncertainties, commodity price risks and the need to see more sustained evidence of disinflation will be key factors before pivoting.

As a result, while February has a higher probability than December, any policy easing will still be data dependent, calibrated and aimed at ensuring inflation remains firmly aligned with the 4 percent target.

Are you turning increasingly bullish on the financial services segment?

Yes, I have been bullish on the financial services segment for some time now and I think there is optimism in the near future. The past 10 years we have been very exciting in this segment. What used to be a banking, insurance and lending driven sector has now branched out to wealth management, digital payments, asset management, merchant banking, investment banking, SME, IPO and much more. This has altered the very DNA and made the financial sector a sum total of smaller mini-sectors that are all feeding each other and growth together.

Today the BFSI sector accounts for 27 percent of the total GDP, this was only 6 percent in 2005. There has been massive penetration and financial inclusion and inspite of that we only have 130 million unique demat accounts, that is less than 10 percent of the total population. In US the retail participation is as high as 60 percent.

With digitisation of payments, e-commerce and ease of investing, there has been a change in culture in how we utilise the financial infrastructure in this country. And cultural changes are difficult to reverse and almost impossible to ignore. In a country of 1.4 billion people, almost 50 percent are using financial infrastructure largely thanks to UPI. I think this massive change is here to stay and as we get more dependent on this unique mix of finance &amp; technology, we will see the financial services segment grow further.

Have you started focusing on the AI theme for investments, even though India still lags behind other countries in this space?

We have stayed away from the AI theme as of now. I think AI is changing the world in a way that you only witness once in a generation. Think of the industrial revolution or how social media impacted the way we live now. If at all, I think AI’s effect will only be bigger and more impactful. There is also no doubt that AI will be adopted in our daily lives in the near future.

But from an investment point of view, like you said, India still lags behind and I have yet to come across good companies that are fairly valued. There is also a lot of mis-representation, I come across a lot companies that claim to driven by AI or being in its food chain in some form but when you dig in, a lot of them are not actually creating significant value.

So it’s difficult to say what their future will be, and we don’t want to ride a trend without being certain. One space in AI that does interest me is the growth of digital infrastructure companies that are providing the hardware, storage facilities, data centres etc to enable its growth. I think in future, that is the theme I would like to look into. They will be very critical in this tech revolution and Indian companies can look at this segment to create become an integral part of the value chain.

Which sectors are currently on your radar for investment?

As a long term investor, I think India is at a precipice of a major economic expansion with various sectors contributing their fair share in its growth. Some of the themes that I think will stand out are BFSI, Healthcare, and Infra.

We have seen a Fintech revolution in India with UPI being adopted in most of the country, and it is a large country mind you. We are seeing huge participation from domestic and global investors in our primary markets. Financial penetration is at its all-time high, regulatory support is unwavering and the way economy is intertwined, growth in sectors like consumer goods, health and telecom also ends up supporting the financial sector.

Healthcare, that includes pharma, diagnostics, hospitals etc has being showing good results with most sector dedicated funds giving a return of 22-24 percent in last three years. I think the trend will continue with a big contribution from Tier 2 &amp; tier 3 cities. Expansion of quality hospitals, speciality clinics and diagnostic centres in smaller cities have driven this growth and there is a lot of head room there.

Further, insurance penetration has made it more affordable for low-income households to seek good healthcare, thereby increasing the demand.

Infra is another sector that I follow very closely and I think has given good returns and will continue to shine. This has been largely thanks for Modi government’s push to sponsor large projects such as airports, highways, high-speed rails, freight corridors etc. Infra growth will continue to be a very critical element in the overall growth of other sectors hence I feel that government policies and focus will be continue to be very favourable here. Companies that are engaged in large-infra and ancillary companies that support them are on our radar.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Daily Voice: Kush Gupta backs financials, agri and consumption for Q3; sees IT struggling

After reading Q2 earnings and management commentaries, Kush Gupta, Director at SKG Investment &amp;amp; Advisory told Moneycontrol that his outlook for Q3FY26 earnings remains optimistic.

&quot;Earnings momentum is steady, management commentaries indicate firm demand and acceleration towards going into FY27,&quot; he said, adding while IT sector is doing poorly, financials, agriculture and consumption are expected to shine.

He is bullish on domestic consumption on all fronts. One space in AI that does interest him is the growth of digital infrastructure companies that are providing the hardware, storage facilities, data centres etc to enable its growth.

What is your take on the auto earnings? Do you think the real test for two-wheeler and four-wheeler makers will begin in December–January, depending on whether growth sustains, given that companies have indicated some softness in demand?

India’s auto sector enters H2 FY26 on a strong footing, supported by robust Q2 performance and an early festive push. September 2025 delivered record sales across passenger vehicles (PV), two wheelers and three wheelers, even though GST 2.0 benefits were available for only nine days. Strong exports, firm rural mobility demand and steady consumer sentiment boosted by GST cuts, earlier RBI rate relief and income tax benefits underpinned the sector’s momentum.

But going forward the OEMs remain cautious, despite the festive surge, PV sales in Q2 fell –1.5 percent and UVs (utility vehicles) dipped 2.1 percent as compared to Q2 the previous year, indicating underlying softness. December- January period could be critical in keeping the momentum.

With some automakers flagging early signs of retail fatigue, the key test will come in Q4 results, once the extended festive and wedding season ends. Sustained demand will depend on inventory normalization, liquidity and how effectively GST 2.0 supports affordability beyond the festival period.

How would you summarise the September quarter earnings season that concluded on November 14?

India’s corporate earnings for Q2FY26 are shaping up stronger than anticipated, with early results indicating a broad but sector skewed recovery led by commodities, capital goods and technology. Oil profits surged nearly nine-fold, alongside solid gains in technology, cement and metals. Strong performances in cement, IT, PSU banks, real estate and metals.

The key monitorable remains the sustainability of this momentum amid normalising input costs and demand after the festive boost. Nifty 500 companies have reported a 9 percent YoY growth in sales and profits, we are expecting the growth to continue through H1 of 2026.

Capex heavy industries have also shown strong results with the likes of CG Power and Hitachi Energy leading the way. Order inflows have shown heavy momentum here. The overall outlook is cautiously improving; however, it depends heavily on the durability of the recovery and margin expansion, with the global economic environment likely to play a major role over the next 3–4 quarters.

After reviewing the earnings data and management commentaries, are you optimistic about Q3 results?

Yes, the outlook for Q3 remains optimistic. Earnings momentum is steady, management commentaries indicate firm demand and acceleration towards going into FY27. While IT sector is doing poorly, financials, agriculture and consumption are expected to shine. Rural demand is rising and outpacing urban areas in sectors like FMCG with a 7.7 percent YoY growth.

I am bullish on domestic consumption on all fronts, disposable income is increasing, we are seeing low interest rates and easing inflation. This is an ideal scenario for a boost in consumer behaviour across auto, travel, hospitality and discretionary spending.

On the agriculture front, GST cuts, good monsoon season and government subsidies will continue to fuel better earnings. Aided with stable MSPs and lower input costs, agriculture income has also shown improvement.

With robust manufacturing data and stable macros, Q3 is likely to be a healthy quarter, though stock specific divergence may persist due to valuations.

With inflation continuing to trend lower, do you think there is scope for the RBI to cut rates in its December and February policy meetings?

With inflation steadily trending lower and core inflation remaining contained, the macro backdrop does create theoretical room for the RBI to consider rate cuts in the December or February meetings. India’s consumer inflation came to 0.25 percent In October, which was more than expected, strengthening the case further.

However, the governor Mr. Sanjay Malhotra said that the effects of the 50-basis point rate cut in June have yet to filter through the economy. Given that, the central bank is likely to remain cautious and not show any hurry to cut rates. Global uncertainties, commodity price risks and the need to see more sustained evidence of disinflation will be key factors before pivoting.

As a result, while February has a higher probability than December, any policy easing will still be data dependent, calibrated and aimed at ensuring inflation remains firmly aligned with the 4 percent target.

Are you turning increasingly bullish on the financial services segment?

Yes, I have been bullish on the financial services segment for some time now and I think there is optimism in the near future. The past 10 years we have been very exciting in this segment. What used to be a banking, insurance and lending driven sector has now branched out to wealth management, digital payments, asset management, merchant banking, investment banking, SME, IPO and much more. This has altered the very DNA and made the financial sector a sum total of smaller mini-sectors that are all feeding each other and growth together.

Today the BFSI sector accounts for 27 percent of the total GDP, this was only 6 percent in 2005. There has been massive penetration and financial inclusion and inspite of that we only have 130 million unique demat accounts, that is less than 10 percent of the total population. In US the retail participation is as high as 60 percent.

With digitisation of payments, e-commerce and ease of investing, there has been a change in culture in how we utilise the financial infrastructure in this country. And cultural changes are difficult to reverse and almost impossible to ignore. In a country of 1.4 billion people, almost 50 percent are using financial infrastructure largely thanks to UPI. I think this massive change is here to stay and as we get more dependent on this unique mix of finance &amp;amp; technology, we will see the financial services segment grow further.

Have you started focusing on the AI theme for investments, even though India still lags behind other countries in this space?

We have stayed away from the AI theme as of now. I think AI is changing the world in a way that you only witness once in a generation. Think of the industrial revolution or how social media impacted the way we live now. If at all, I think AI’s effect will only be bigger and more impactful. There is also no doubt that AI will be adopted in our daily lives in the near future.

But from an investment point of view, like you said, India still lags behind and I have yet to come across good companies that are fairly valued. There is also a lot of mis-representation, I come across a lot companies that claim to driven by AI or being in its food chain in some form but when you dig in, a lot of them are not actually creating significant value.

So it’s difficult to say what their future will be, and we don’t want to ride a trend without being certain. One space in AI that does interest me is the growth of digital infrastructure companies that are providing the hardware, storage facilities, data centres etc to enable its growth. I think in future, that is the theme I would like to look into. They will be very critical in this tech revolution and Indian companies can look at this segment to create become an integral part of the value chain.

Which sectors are currently on your radar for investment?

As a long term investor, I think India is at a precipice of a major economic expansion with various sectors contributing their fair share in its growth. Some of the themes that I think will stand out are BFSI, Healthcare, and Infra.

We have seen a Fintech revolution in India with UPI being adopted in most of the country, and it is a large country mind you. We are seeing huge participation from domestic and global investors in our primary markets. Financial penetration is at its all-time high, regulatory support is unwavering and the way economy is intertwined, growth in sectors like consumer goods, health and telecom also ends up supporting the financial sector.

Healthcare, that includes pharma, diagnostics, hospitals etc has being showing good results with most sector dedicated funds giving a return of 22-24 percent in last three years. I think the trend will continue with a big contribution from Tier 2 &amp;amp; tier 3 cities. Expansion of quality hospitals, speciality clinics and diagnostic centres in smaller cities have driven this growth and there is a lot of head room there.

Further, insurance penetration has made it more affordable for low-income households to seek good healthcare, thereby increasing the demand.

Infra is another sector that I follow very closely and I think has given good returns and will continue to shine. This has been largely thanks for Modi government’s push to sponsor large projects such as airports, highways, high-speed rails, freight corridors etc. Infra growth will continue to be a very critical element in the overall growth of other sectors hence I feel that government policies and focus will be continue to be very favourable here. Companies that are engaged in large-infra and ancillary companies that support them are on our radar.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

7 out of 14 years NIFTY COMMODITIES has given positive returns in November.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	9,388.75	9,439.65	9,487.85	9,340.55	9,289.65	9,241.45	9,190.55
Fibonacci	9,378.41	9,401.79	9,439.65	9,340.55	9,302.69	9,279.31	9,241.45
Camarilla	9,346.93	9,356.02	9,365.10	9,340.55	9,328.77	9,319.68	9,310.60

INDEX CONTRIBUTION - NIFTY Commodities

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