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Pradeep Carpenter

2nd Feb · SEBI-Registered Analyst

Morning Market View:

Nifty have given breakdown in the last trade and is now hovering around the major weekly support zones of 24500-24400 which also coincides with the September 2025 lows. The sentiment has turned extremely bearish in the last trade a sell on rise strategy will be applicable in the today’s trade. The resistance for the index is around 25000 on the higher side, Bank Nifty also have given breakdown in the last trade and is now trading around 58700 on the daily charts. The immediate support for the index is around 58000 while 59200 is the strong hurdle for the day. The overall trend of the index is bearish till it is not crossing 59500 on the upper side. Among the sectors – FMCG & IT as looking good for the day while METAL stocks may remain under pressure candidates for the day. Results for the day:

AARTIIND
BAJAJHFL
HYUNDAI
INDUSTOWER
RAILTEL
TATACHEM
UPL

#Pre-OpeningCommentary#IndexStrategies#Today’sTradingSetup#TechnicalViews#EquityResearch
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