SAMEET CHAVAN HEAD RESEARCH – TECHNICAL & DERIVATIVES, ANGEL ONE
The place is Nifty headed? Nifty surpassed the psychological stage of 25,000, confirming a ‘Double Backside’ formation on every day charts. Though dangers stay, sure technical indicators are offering encouraging alerts. Worth-wise, we see a transparent ‘Greater Excessive, Greater Low’ formation, which is bullish. The RSI-smoothed oscillator on the every day timeframe has crossed 70 and is trending northwards, which usually provides momentum to the rally. We stay optimistic and anticipate Nifty to quickly problem the necessary swing highs of 25,548 and 25,670. On the draw back, 25,250 adopted by 25,000 ought to be handled as sturdy assist zones. Buying and selling methods for the week: Over the weekend, the US President made bulletins concerning H-1B visas, which may dampen sentiment throughout the IT house. In case of any knee-jerk response, the assist ranges talked about above may present a cushion within the week forward. Merchants are suggested to not get carried away and as an alternative use declines so as to add lengthy positions. Samman Capital: Seems to have emerged from a protracted consolidation, forming a Bullish Flag breakout with sturdy volumes. Purchase on declines towards Rs 140 for a goal of Rs 152, with a cease loss at Rs 133 Piramal Pharma: Confirmed a breakout on Friday after closing convincingly above the important thing resistance at 205. We suggest shopping for for a goal of Rs 224, with a strict cease loss at Rs 196.
DHUPESH DHAMEJA DERIVATIVES RESEARCH ANALYST, SAMCO SECURITIESWhere is Nifty headed? The Nifty closed marginally under the day gone by’s low, signaling ongoing profit-taking and the opportunity of sideways consolidation. Nevertheless, corrective dips are more likely to entice recent accumulation. Name writers have been extra aggressive, with recent open curiosity at 25,500 strike establishing this stage as a powerful resistance, whereas heavy put contracts at 25,200– 25,100 reaffirm assist. The simultaneous buildup of each calls and places close to at-the-money strikes suggests indecision, pointing towards a nearterm range-bound market. Regardless of intermittent revenue reserving, optimism persists as FPIs have coated a good portion of their shorts over the previous three weeks, whereas additionally including marginal lengthy positions.
Buying and selling technique for the week: So long as Nifty holds above 25,100–25,200 and Nifty Financial institution sustains 55,000–54,800, consumers are more likely to stay energetic. A decisive breakout above 25,500 in Nifty and 56,000 in Nifty Financial institution will likely be essential for additional upside. Till then, range-trading methods are favored. Sectoral rotation is obvious. Banks and financials, insurance coverage, pharma, and digital & client durables present resilience and will provide near-term alternatives. Setups look encouraging in Union Financial institution of India, Housing and City Improvement Company, New India Assurance, Mankind Pharma, and Amber Enterprises India.
SOMIL MEHTA HEAD OF ALTERNATE RESEARCH, MIRAE ASSET SHAREKHAN
The place is Nifty headed? After After transferring sideways for practically 4 months between 24,500 and 25,000, Nifty has lastly damaged out of the vary. The subsequent hurdle to observe is 25,670, the earlier swing excessive. On the weekly chart, Nifty has posted three consecutive constructive closings, each increased than the final, which exhibits market energy. Within the medium time period, the outlook stays constructive. Robust assist lies close to 24,365–24,366, which coincides with the 200- day and 40-week transferring averages. So long as Nifty stays above these ranges, the uptrend ought to proceed. From an Elliott Wave perspective, the latest correction (wave 4) is full, and Nifty has began its subsequent upward leg (wave 5). This was confirmed by the sturdy quarterly shut in June 2025. Over the medium to long run, Nifty may transfer towards 28,000 and past.
Buying and selling methods for the week: Sector rotation is in play. Whereas some sectors face short-term stress, that is creating alternatives for medium- to long-term traders. It’s a good time to build up high quality large-cap shares for stability, together with choose mid-cap worth shares for development. Sectors to deal with: Defence, prescription drugs, capital items, and vehicles. Giant-cap concepts for portfolio stability embody: Larsen & Toubro, State Financial institution of India, Bajaj Auto, Dabur, Bharti Airtel, Dr. Reddy’s Laboratories, and ICICI Financial institution.
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