Monday opens with subdued cues for the Indian Stock Market, with Key quarterly earnings rolling out alongside global cues. While a steady rally through recent trading sessions has complemented sentiment, analysts suggest consolidation is likely for the Nifty 50 and Sensex. The Nifty closed last week at 25,019.80, down 42 points.
Traders in this market seem to suggest the Nifty remains ‘bullish,’ as it continues to be above all major moving averages. Immediate support, on the other hand, remains bullish, between 25k and 24.8k. Resistance levels also remain sharp, sitting at 25.120 and 25.350. A decisive buy trigger above 25.120 puts Fomo to new highs, while any dip closer to 24.8k tends to encourage dip buying.
More action is predicted in the Real Estate, Metal, and Energy sectors after last week’s strong performances. IT stocks seem to be remaining laggards, so the focus is likely to shift to agri, FMCG, and Auto shares due to the improving (and early) monsoon predictions.
Major companies reported quarterly results, including Hindalco, ONGC, Sun Pharma, and ITC. The mood in mid-cap and small-cap stocks is likely to stay upbeat, outperforming broad market sentiments.
Given the condition of the world’s markets and the careful monitoring of financial institutions, traders should maintain a wait-and-see approach until buying opportunities arise. All signs indicate that the long-term Bullish outlook is still intact, though the volatility may persist as the market digests new earnings reports and economic data.
Read: NHPC Issues Dividend Alongside Q4 Results: Price Target Under Consideration
Read More: Top 5 Upcoming Cars Under ₹10 Lakh in India (2025)
Disclaimer:
This information is for educational purposes only and not financial advice. Please consult a professional before making investment decisions. We are not responsible for any losses.
