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Umang Bhutada

27th Dec · SEBI-Registered Analyst

BSE Ltd — Daily

BSE
Important Levels Support: 2325 – 2040 (major SR flip zone) Resistance: 2800 – 3030 Trend: Higher high structure, currently in pullback Business Monopoly exchange business (equities, derivatives, mutual funds, power, commodities). Strong operating leverage — volumes directly lift profits. Long-term beneficiary of Indian capital market expansion. Earnings Earnings are volume driven; margins expand sharply in bullish markets. Cash-rich, asset-light, very high ROE profile. Verdict Healthy long-term structure. Current phase is a time/price correction, not trend breakdown.

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