The Sensex and Nifty both advanced on 4 November 2026, supported by political developments that tempered fiscal spending concerns and reduced expectations for further Federal Reserve interest rate hikes. While sectors like media, metals, and realty led the rally, the IT sector faced profit-taking. NeoTrader analyst Raja Venkatraman identified key entry points for trading sessions ahead. He issued specific buy recommendations for Aurobindo Pharma, Adani Ports, and Shriram Finance, providing targeted price levels and risk-limiting stop losses for each.
Key points
Technical indicators show the Nifty faces resistance between 23,800 and 23,900, while imm…: Technical indicators show the Nifty faces resistance between 23,800 and 23,900, while immediate support lies between 23,200 and 23,500.
Adani Ports is positioned as a buy above ₹1,915, carrying a price target of ₹2,130 and a…: Adani Ports is positioned as a buy above ₹1,915, carrying a price target of ₹2,130 and a stop loss of ₹1,800.
Shriram Finance has been recommended for purchase above ₹911, aiming for a ₹1,000 target…: Shriram Finance has been recommended for purchase above ₹911, aiming for a ₹1,000 target alongside an ₹850 stop loss.
Sources checked by our analysis pipeline: 1
The week began on a strong note, with the market displaying renewed strength and signaling the potential for further upside. However, the key resistance levels highlighted earlier remain critical, as they are likely to determine the market's next directional move.
On 4 November 2026, Indian equity markets extended their winning streak for the fifth consecutive session, supported by broad-based buying, easing crude oil prices, and sustained foreign institutional inflows. The Sensex advanced 383.55 points or 0.50% to close at 77,301.40, while the Nifty gained 149.75 points or 0.63% to settle at 23,960.60, ending near the psychological 24,000 mark.
Despite mixed global cues and early profit-booking pressure, markets recovered strongly through the session, reflecting continued investor confidence.
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:
- Why it’s recommended : Adani Ports and Special Economic Zone Limited (APSEZ) is India's largest private port operator and an integrated transport utility company part of the Adani Group. After…
International equity markets gained broad momentum after the latest American electoral results pointed to a divided government, easing investor concerns over future fiscal deficits and broader political friction. A steep retreat in crude pricing simultaneously relieved inflationary pressures, prompting traders to scale back their expectations for additional Federal Reserve interest-rate hikes. These combined macroeconomic developments weakened the dollar while fueling widespread advances across major global asset…
Market participants observed significant upward momentum in the equity during the latest session. The underlying drivers behind this sudden influx of buying interest remain unspecified based on currently available market disclosures. Investors continue to monitor the asset closely as further trading details emerge.
Shares in the major financial institution are facing intense downward pressure during the current trading session. Investors are closely monitoring the sharp pullback as market participants reassess their positions in the banking sector. The sudden contraction highlights ongoing volatility affecting the lender's overall equity valuation.