According to The Times of India, the Nifty has been witnessing intraday selling for the past 3 trading sessions due to the truncated nature of this week. Markets are waiting for fresh headlines from US markets, however analysts believe the interim low made this week is here to stay. Any drop below this week's low of 22,300 is likely to be extremely short-lived. Momentum on the upside is likely to pick up on closing above 22,715 for targets of 23,400.
As reported by The Times of India, Bank Nifty closed with a doji formation indicating indecisiveness yet below its previous day's high at close. Despite strong news flow allowing tailwind, both indices were unable to close above their previous day's high. These levels are now likely to act as fresh triggers on upside once taken out on a closing basis. The level to watch for now stands at 51,625 for targets of 53,900.
According to The Times of India, Grindwell Norton's stock has been finding buyers from its previous support which acted as strong support in March 2025 as well. Given the strong one week closing highs on the same, further momentum is likely to pick up for targets of 1,535+ wherein it can intersect with its falling 200 DMA resistance on the upside. The recommended LCP is 1,405 with a stop loss at 1,350 and target at 1,535.
As reported by The Times of India, Adani Power has shown a bullish cup and handle breakout on daily charts with the stock closing at 5-month high in a market environment wherein broader markets are holding near to their 52-week lows. This singles double confirmation on price pattern as well as money flow front given the ongoing momentum likely to continue on the upside. The recommended LCP is 157 with a stop loss at 149 and target at 175.
According to The Times of India, KSB has observed a 20-month trendline breach clubbed along with a 200 DMA crossover in daily charts in the last fortnight. The stock has also been making higher lows for the past 10 weeks now and has not closed below its previous week's low in the same period on weekly charts. This suggests accumulation phase is over in lower levels and the stock can continue to trend higher in the days to come. The recommended LCP is 828 with a stop loss at 795 and target at 900.
