Global Cues to Dictate the Trend! 🌍📉
🔸 Nifty snapped its three-week winning streak, falling 3% 📉, driven by intensified geopolitical concerns and heavy FII sell-offs. Meanwhile, the metal sector shined, tracking Chinese stimulus.
🔸 What to expect -
Nifty is likely to hold key support at 24,800 and stage a bounce 📈 amid oversold conditions.
Volatility is expected to rise due to ongoing geopolitical tensions, the upcoming RBI policy, and the start of the Q2FY25 earnings season.
🔸 Price & Time Patterns -
In CY24, the index has corrected by no more than 5-6% while holding near the 50-day EMA.
The current 4.5% correction brings the index to the 50-day EMA, and we expect a rebound while holding key support at 24,800.
🔸 Sectors to Watch -
IT, Metal, and Pharma sectors are set to outperform.
BFSI, Capital Goods, and Oil & Gas offer bargain buying opportunities.
🔸 Brent Oil -
Crude oil prices will be key amid geopolitical worries, with resistance expected in the 80-82 zone.
🔸 TOP GAINERS
▲BASF (12.3%)
▲V-Mart Retail (12.1%)
▲JK Paper (8.9%)
▲Jubilant Ingrevia (7.3%)
▲Whirpool (4.2%)
🔸 TOP LOSERS
▼Sterling Wilson (-15.8%)
▼Phoenix Mills (-11.3%)
▼Intellect Design (-10.4%)
▼M&M Financial (-9.9%)
▼Macrotech Developers (-9.9%)
🩷 & 🔄 for better reach!
Disclaimer: bit.ly/full-disclaimer
🔸 Nifty snapped its three-week winning streak, falling 3% 📉, driven by intensified geopolitical concerns and heavy FII sell-offs. Meanwhile, the metal sector shined, tracking Chinese stimulus.
🔸 What to expect -
Nifty is likely to hold key support at 24,800 and stage a bounce 📈 amid oversold conditions.
Volatility is expected to rise due to ongoing geopolitical tensions, the upcoming RBI policy, and the start of the Q2FY25 earnings season.
🔸 Price & Time Patterns -
In CY24, the index has corrected by no more than 5-6% while holding near the 50-day EMA.
The current 4.5% correction brings the index to the 50-day EMA, and we expect a rebound while holding key support at 24,800.
🔸 Sectors to Watch -
IT, Metal, and Pharma sectors are set to outperform.
BFSI, Capital Goods, and Oil & Gas offer bargain buying opportunities.
🔸 Brent Oil -
Crude oil prices will be key amid geopolitical worries, with resistance expected in the 80-82 zone.
🔸 TOP GAINERS
▲BASF (12.3%)
▲V-Mart Retail (12.1%)
▲JK Paper (8.9%)
▲Jubilant Ingrevia (7.3%)
▲Whirpool (4.2%)
🔸 TOP LOSERS
▼Sterling Wilson (-15.8%)
▼Phoenix Mills (-11.3%)
▼Intellect Design (-10.4%)
▼M&M Financial (-9.9%)
▼Macrotech Developers (-9.9%)
🩷 & 🔄 for better reach!
Disclaimer: bit.ly/full-disclaimer