Global Market Summary:
- Global indices show mixed performance, with slight gains or losses across major benchmarks (Dow Jones, Nasdaq, Hang Seng, S&P 500, FTSE 100).
- The USD/INR rate shows a slight increase.
Indian Market Summary:
- Nifty 50: Continued its upward trend (over 1% gain on 11/25), displaying indecision after a recent rally, with a bearish candlestick pattern. Index is above the 20-day EMA and upper Bollinger Bands, but RSI at 51 suggests a positive but not necessarily strong bullish outlook. High call OI strikes, and maximum call writing observed at 25,200, 24,300, and 25,000 strikes.
- Nifty Bank: Outperformed Nifty with a 2.1% rise, forming a bullish pattern and trading above the 50% Fibonacci retracement level. Strength demonstrated via reclaiming moving averages (10, 20, and 50). RSI close to 60 suggests improving market conditions. High call OI strikes, max writing at 54,500, 52,200, and 52,600 strikes.
Other Key Observations:
- FIIs: Net sellers in the cash segment (Rs.9,947.55 Cr) on 11/25/2024.
- PCR: Mixed sentiment revealed by PCR data, but overall trend analysis needed for precise interpretation.
- Sector and Stock Trends: Short and long build-up stocks (top 5 stocks) along with volume-related sector indices are noted.
- Market News: India markets reacted positively to global events but struggled after Trump’s tariff announcement. US equities rose, Russell 2000 hit a new high.
- Stocks to Watch: Bullish news for several individual stocks: Infrastructure projects, investment announcements in Saudi Arabia, contract wins for various companies, and partnership extensions.
- Bearish Stocks: HDFC Life Insurance company is analyzing data logs due to a security breach. Additional underperformance warnings for several stocks related to earnings or market bans.
Overall: The Indian market appears to be consolidating recent gains with some positive technical indicators but also facing external headwinds. Market news and individual company developments offer mixed signals and potential opportunities or risks. External factors like the new tariffs and the election of Scott Bessent as Treasury Secretary are significantly impacting global market
For More in Depth Pre – Market Analysis
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