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Nifty Holds Support — Is a Fresh Momentum Wave Ahead?The Nifty ended last week almost flat, up 0.6% at 26,186. The index started weak due to profit-booking, FII outflows, and a record-low rupee, but sentiment improved after the RBI cut the repo rate by 25 bps to 5.25%. Adding to the positive tone, India VIX dropped over 11% to 10.315, highlighting a sharp cooling in volatility and a more stable trading environment. ◉ Technical Setup Nifty has once again respected its strong support zone between 25,900 and 26,000, bouncing firmly from this level. This zone is expected to remain a key cushion for the coming week as well. On the upside, the index faces a strong resistance around 26,400–26,500, which will be crucial to watch. A breakout above this could unlock further strength. For now, the market is likely to trade within this range, oscillating between support and resistance until a clear signal emerges. ◉ Key Trigger This Week US Fed Meeting (Dec 9–10) Markets expect a 25 bps rate cut, but mixed signals from Fed officials keep uncertainty high. A hawkish tone could weigh on global sentiment. A dovish stance would likely support global markets, especially India. ◉ Suggested Strategy Investors should adopt a balanced and selective approach: Favour large caps and sectors that stand to benefit from the RBI rate cut, such as financials and autos, Export and IT stocks may continue to draw support from the weaker rupee. For traders, buy-on-dips remains the preferred strategy near strong support levels. Focus on stock-specific setups, maintain moderate position sizes, and stay flexible ahead of the crucial FOMC outcome.
NSE:NIFTY
by GoodluckCapital
Breakout Radar: Two Stocks Turning Up the Heat This Week1️⃣ SIEMENS NSE:SIEMENS — Quiet No More After chilling inside a rectangle range, SIEMENS just stepped out with a clean breakout. The consolidation phase is done — now the chart is hinting at fresh upside energy. Momentum is officially back on the table. ⚡📈 2️⃣ LTIMINDTREE NSE:LTIM — Reversal Royalty This one spent weeks building a textbook Inverted Head & Shoulder — and now it’s broken the neckline with style. The breakout looks solid, and the stock is gearing up for a potential upside rally. 🚀💫 🔥 Two strong chart setups. 🔥 Two momentum-packed breakouts. Perfect picks for traders eyeing action this week.
NSE:SIEMENSLong
by GoodluckCapital
NIFTY Hits New Highs but Breadth Weakens — What’s the Signal?The NIFTY 50 closed the week with a neat gain of 134.80 points (0.52%), touching fresh lifetime highs of 26,310.45. Sounds impressive, right? Yes — but there’s a twist. A deeper look shows the Nifty 500 is still over 2.5% below its all-time high. Meaning? This rally is not broad-based — it’s being carried by select large-cap heavyweights. Meanwhile, the India VIX dropped 14.77% to 11.62, keeping volatility calm… for now. ◉ Key Levels to Watch This Week Support Zones ● 26,000 — Strong and immediate support. Heavy put writing is visible here. Resistance Zones ● 26,200 – 26,300 — Near-term supply zone ● 26,500 — Major resistance to beat ◉ Key Triggers This Week 1. RBI Policy – December 5 A 25 bps rate cut is widely expected, but the RBI may take a cautious approach as it balances low inflation with rising growth momentum. 2. Q2 GDP at 8.2% The stronger-than-expected GDP print boosts sentiment but reduces the urgency for aggressive rate cuts, shifting the policy outlook toward a more measured stance. 3. India–US Trade Deal Both countries are close to finalizing the agreement by year-end, which could support IT, manufacturing and export-focused sectors. 4. Rupee Weakness The rupee’s slide to ₹89.49/$ raises import costs and potential inflation risks, adding pressure on the RBI while impacting corporate margins differently across sectors. ◉ December Outlook — What’s Likely Ahead? ● Base Case: NIFTY stays in a 26,000–26,500 range, with most upside already priced in. ● Bull Case: A breakout above 26,500 could send it toward 26,700 by month-end. ● Caution: If market breadth weakens further, volatility may creep back in. ◉ Strategy: ● As long as NIFTY holds above 26,000, sentiment stays positive. ● Dips above 26,000 = buying opportunity ● Avoid chasing breakouts blindly — focus on quality sectors and high-volume confirmations.
NSE:NIFTY
by GoodluckCapital
LUMAXTECH & MUTHOOTMF - Breakout Stocks to Watch This Week!1️⃣ Lumax Auto Technologies NSE:LUMAXTECH — Fresh Breakout Alert Lumax is riding a strong uptrend and has cleanly broken above the upper boundary of its ascending parallel channel. If this breakout sustains, the stock could see a sharp upside rally ahead. Rising volumes are confirming strong buyer interest, giving this move an extra edge. 2️⃣ Muthoot Microfin NSE:MUTHOOTMF — Failed Rising Wedge, Strong Reversal Setup A failed rising wedge pattern is playing out as the price has broken above the trendline resistance, flipping the structure into a bullish signal. Even better — heavy volume buildup is reinforcing the strength of this emerging reversal. ⚡Both counters show early signs of momentum — watch for follow-through!
NSE:LUMAXTECHLong
by GoodluckCapital
3
Nifty Breaks Above 26,000 — Can the Index Sustain This Strength?Indian markets ended the week on a positive note, with the Nifty rising 0.61% to close at 26,068. This came right after the index hit a fresh 52-week high of 26,246 on November 20 before cooling off. Meanwhile, the India VIX jumped 14% to 13.63, reminding traders that volatility is quietly tightening its grip. ◉ Key Levels to Watch Support Zones Immediate support: 26,000. Major support: 25,400 – 25,500, where strong put writing is visible Resistance Zones Near-term resistance: 26,200 – 26,300 Major resistance: 26,500 ◉ Key Triggers This Week Q2 GDP Data (Nov 28) India’s GDP print for Q2 FY25–26 will be released this week. Economists expect another strong reading, especially after Q1 GDP exceeded projections. India–US Trade Deal Progress Comments from Commerce Minister Piyush Goyal—hinting at “good news soon”—have lifted sentiment. The proposed agreement aims to increase bilateral trade from $191 billion to $500 billion by 2030. ◉ Outlook & Strategy For the coming week, a buy-on-dips approach remains favourable as long as Nifty sustains above 26,000. A breakdown below this level could shift momentum, but for now, the bias stays positive with caution due to higher volatility.
NSE:NIFTYLong
by GoodluckCapital
Nifty Builds Momentum, Breakout Looks Within ReachThe Indian market ended last week on a positive note, supported by the stronger-than-expected performance of the National Democratic Alliance (NDA) in the 2025 Bihar elections. Nifty jumped over 1.5% to close at 25,910, just below the key resistance level of 26,000. Volatility also eased, with the India VIX falling over 5% on a weekly basis to settle at 11.93. Open interest data suggests that the 25,700–25,800 zone will now act as immediate support, while 25,500 remains a strong support level. Recent price action indicates that Nifty may attempt to break above the 26,000 resistance in the coming sessions. In the week ahead, the overall sentiment is expected to stay positive due to strong domestic cues. Globally, market direction will depend on key U.S. economic releases, including the minutes of the latest FOMC meeting. Investors should stick to a stock-specific approach, focusing on sectors supported by domestic demand. For traders, a buy-on-dips strategy remains favourable as long as Nifty holds above its key support zones.
NSE:NIFTYLong
by GoodluckCapital
Nifty Starts July Quietly; Sideways Action May ContinueNifty began the month on a subdued note, registering a net weekly loss of 176.80 points (-0.69%). Market volatility also eased, with the India VIX declining by 0.59% to 12.31, indicating reduced trader anxiety. From a technical standpoint, an immediate resistance zone has developed between 25,500 and 25,650, while a key support range lies between 25,200 and 25,300. Open Interest (OI) data adds weight to these levels, with a significant build-up of call writing at 25,500 suggesting strong resistance, and put writing at 25,200 indicating solid support. Looking ahead, Nifty is expected to remain range-bound between these two zones unless a decisive breakout or breakdown occurs.
NSE:NIFTYLong
by GoodluckCapital
Nifty Eyes Upside as Bulls Take Charge Ahead of Expiry WeekThe Nifty closed around 25,112 on Friday, marking a 1.29% gain for the week and signalling strong bullish momentum. The rally was driven by broad-based buying, particularly in financial heavyweights like HDFC Bank, ICICI Bank, and Reliance Industries. Despite lingering global uncertainties, market sentiment remained stable, with the India VIX closing at 13.67—reflecting subdued volatility and cautious optimism among participants. In the derivatives space, the highest concentration of put writing at the 25,000 strike highlights strong immediate support, while the 25,500 level is emerging as a key resistance zone due to significant call writing activity. Heading into the upcoming expiry week, the bullish trend is likely to continue, provided no major geopolitical shocks disrupt market sentiment.
NSE:NIFTYLong
by GoodluckCapital
Bulls on Standby: Can Nifty Unleash Its Next Leg Higher?As anticipated, Nifty consolidated within a 600-point range between 24,500 and 25,100 last week, ending with a modest weekly gain of around 1%. Volatility eased as well, with India VIX declining by 9% to close at 14.63, reflecting improved market stability. Open Interest (OI) data indicates immediate support at 24,800, backed by the highest concentration of put writing. Looking ahead, there is a strong possibility that Nifty may breach the 25,100 resistance level in the coming sessions, which could trigger a swift rally toward the 25,500 mark.
NSE:NIFTYLong
by GoodluckCapital
Heads Up! ITC Looks Ready to FlyAfter a steady decline from its highs, ITC has made a strong comeback, bouncing perfectly off its trendline support. And now—it’s broken past its trendline resistance! 📈 This breakout could be the start of a new bullish wave, with momentum likely to carry the stock higher in the sessions ahead. 💰 Dividend Alert: ITC has announced a final dividend of ₹7.85 per share, with the ex-date on 28th May. This is the highest dividend declared by ITC in the last 5 years. That could bring some serious action in the next couple of trading days. 🎯 All eyes on ITC—this might just be the breakout we’ve been waiting for!
NSE:ITCLong
by GoodluckCapital
12
Nifty to Stay in Pause Mode Ahead of Expiry WeekAfter a strong run, the Nifty rally seems to be losing steam and has now slipped into consolidation mode. With the monthly derivatives expiry coming up next week, the market is likely to remain range-bound. Options data suggests that Nifty has carved out a trading range between 24,500 and 25,100. Until we see a decisive move beyond either end of this 600-point band, don’t expect a strong directional trend. A clear breakout above 25,100 could reignite bullish momentum, while a breach below 24,500 might invite fresh selling pressure. Until then, it’s all about sideways action and expiry-driven volatility.
NSE:NIFTY
by GoodluckCapital
1
Nifty Outlook: Range-Bound Week Ahead?📈 Nifty wrapped up the week on a positive note, climbing about 1% and keeping the bullish sentiment alive. 🔍 However, the daily chart reveals some hesitation, as the index struggles to stay above the 24,400 mark. 📊 Looking ahead, Nifty is likely to move sideways between 24,500 and 24,000, with heavy call writing at the top and put writing at the bottom, creating a tight trading range. ⚠️ Adding to the caution, the India VIX closed above 18, hinting at increased market Volatility. 💡 Bottom line: Traders should gear up for a volatile and range-bound week ahead. Stay sharp, stay strategic!
NSE:NIFTY
by GoodluckCapital
Nifty Faces Resistance: Bullish Momentum Expected Above 24kNifty has breached its trendline resistance but encountered selling pressure near the 23,870 level, suggesting a possible pullback toward the 23,000 support zone. A potential Inverted Head & Shoulder pattern is forming, which could signal a trend reversal. However, confirmation would require a decisive breakout and sustained hold above the 24,000 resistance level. Also the open interest data indicates strong call writing at 24,000, reinforcing its significance as a key resistance. In the near term, the index is expected to trade sideways, with market participants awaiting Q4 earnings results for further directional cues. The upcoming earnings season will likely dictate the next major move in the market.
NSE:NIFTY
by GoodluckCapital
1
Dead Cat Bounce or Trend Reversal: What's Next for the Nifty?● After a significant decline from its all-time high, Nifty found strong support near the 22,000 level. ● Since then, the index has rebounded and recently breached its trendline resistance, signaling a potential shift in market sentiment. 🚀 📊 Open Interest (OI) Data Analysis: ● The OI data indicates a substantial increase in put open interest at the 23,000 strike price, establishing this level as a key immediate support. ● Conversely, the 23,500 strike price has emerged as a strong resistance zone, with the highest concentration of call OI. ❓ Key Question: Has the Nifty truly bottomed out, or is there still room for further correction? 🤔 💬 Share your insights and perspectives in the comments below! 👇
NSE:NIFTY
by GoodluckCapital
Breakout Alert: Tata Steel and Mazagon Dock Power Up for a Surge◉ Tata Steel NSE:TATASTEEL ● The stock price has recently broken out of a falling broadening wedge pattern, signaling a potential upward movement. ● With the government's plans to impose taxes on steel imports, the stock could experience a rally in the near future. ◉ Mazagon Dock NSE:MAZDOCK ● The price has formed a bullish Pole & Flag pattern on the chart. ● Following a fresh breakout, the stock is expected to continue its upward trajectory.
NSE:TATASTEELLong
by GoodluckCapital
2
Momentum Stocks to Watch: INDIGO & NH Gear Up for Rally◉ Interglobe Aviation NSE:INDIGO ● The stock has formed a Symmetrical Triangle pattern on the daily chart. ● Following a recent breakout, the price is anticipated to witness substantial upward movement in the coming days. ◉ Narayana Hrudalaya NSE:NH ● After a prolonged consolidation phase, the stock has developed a Rounding Bottom pattern. ● With the price breaking out of this pattern, it is now trending upward, signalling potential for further gains in the near term.
NSE:INDIGOLong
by GoodluckCapital
1
Nifty Down 16% from Highs: Eyes on Next Support at 21,800● Nifty 50 has declined by approximately 16% from its all-time high, signalling a significant correction in the market. ● The next crucial support level is anticipated around the 21,800 mark, a level where the index has historically found support on five previous occasions. ◉ OI Data Analysis ● The 22,500 strike price has the highest concentration of call writers, establishing it as a strong immediate resistance level. ● Conversely, the 22,000 strike price shows the highest accumulation of put writers, indicating robust support at this level. ◉ Valuation Analysis ● From a valuation standpoint, the Nifty appears attractive, currently trading at a Price-to-Earnings (PE) ratio of 19.7. ● This is notably below its 5-year average PE of 24.8, suggesting the index may be undervalued relative to its historical standards.
NSE:NIFTY
by GoodluckCapital
Nifty Under Stress: Will 22,800 Support Level Hold?● The Nifty is currently trading near its immediate support zone around the 22,800 level. ● The open interest data reveals a notable surge in call OI at the 22,800 strike price, with call OI increased by 38 lakh shares in the last trading session. ● On the other hand, put OI also rose by 20 lakh. ● This activity suggests strong support at the 22,800 level, indicating it is unlikely to be breached easily in the near term. ● However, a break below this support level could lead to a downward move toward the 22,500 level. ● In the current scenario, the market is expected to remain range-bound and choppy in the upcoming week.
NSE:NIFTY
by GoodluckCapital