📊 Market Overview
- Nifty 50: Closed at 24,008, down 1.10% on Friday.
- Sensex: Ended at 79,454.47, a decline of 1.10%.
- Bank Nifty: Settled at 53,595, dropping 1.42%.
The market faced pressure due to escalating tensions between India and Pakistan, leading to significant sell-offs, especially in banking and realty sectors.
🔍 Key Support & Resistance Levels
- Nifty 50:
- Support: 23,800
- Resistance: 24,200
- Bank Nifty:
- Support: 53,000
- Resistance: 54,500
A decisive move beyond these levels could set the tone for the week ahead.
🌐 Global Cues
- Gift Nifty is trading slightly higher at 24,099, suggesting a flat-to-positive opening.
- European markets closed on a strong note, with the CAC 40 and DAX gaining 0.78% and 0.66% respectively, which may lend stability to global risk appetite.
🛍️ Stocks in Focus
- Titan Company: Exhibiting a bullish breakout; potential target at ₹3,865.
- UPL: Showing upward momentum; watch for a move towards ₹745.
- BEL: Recent breakout suggests a target of ₹345.
🛡️ Sector Watch
- Defence Stocks: Gaining traction amid geopolitical tensions.
- Realty & Private Banks: Facing headwinds; exercise caution.
🧘 EduInvestor’s Mantra
“In times of uncertainty, focus on quality stocks and maintain a disciplined approach.”