The Nifty and Sensex closed the week higher following net institutional purchases exceeding ₹9,400 crore from foreign and domestic investors combined. However, Choice Broking's Sumeet Bagadia highlighted that the Nifty's upside remains constrained until it reclaims its 50-day exponential moving average near 23,160. Meanwhile, the Bank Nifty lagged broader equities, remaining trapped beneath its own short-term moving averages. Bagadia identified constructive setups in specific counters like Sun Pharma, IndiGo, and Infosys that are displaying favorable moving average support and technical reversal formations.
Key points
Key resistance for the Nifty sits between 23,150 and 23,200, with immediate support pegge…: Key resistance for the Nifty sits between 23,150 and 23,200, with immediate support pegged from 22,800 to 22,900.
IndiGo exhibits technical resilience by sustaining closes above its 20-day and 50-day exp…: IndiGo exhibits technical resilience by sustaining closes above its 20-day and 50-day exponential moving averages on higher volumes.
Infosys is signaling an early bullish reversal through a potential weekly double bottom p…: Infosys is signaling an early bullish reversal through a potential weekly double bottom pattern and a positive MACD crossover.
Sources checked by our analysis pipeline: 1
Stocks to buy | Sumeet Bagadia's stock recommendations: The key benchmark indices of the Indian stock market ended the week on a firmer footing, with the Nifty rising 2% to 23,053.10 and the Sensex gaining 1.8% to 74,459.53. Buying in IT, healthcare and select financial stocks underpinned the recovery, although the Bank Nifty lagged, advancing just 0.6%. Institutional flows were also encouraging, with FIIs recording net purchases of ₹6,304.67 crore in the cash market during the week, while DIIs were net buyers of ₹3,109.79 crore. The return of foreign buying is a constructive signal, but a single week of inflows is not enough to reverse the broader selling trend seen in October.
The focus now shifts to a series of global and domestic indicators that could shape risk appetite and foreign capital flows. Geopolitical tensions and elevated crude oil prices remain a key source of uncertainty for India, given the potential implications for corporate costs, inflation and the external balance.
Sumeet Bagadia, Executive Director at Choice Broking, believes the immediate upside on Dalal Street is capped as the Nifty 50…
Indian enterprises have mobilized over Rs 10 lakh crore on average each year through debt and equity instruments during the past decade. To sustain this momentum, the market regulator is executing reforms to ease operational friction and accelerate public market access for diverse corporate entities. These strategic actions aim to balance rapid business capital formation directly alongside stringent safeguards for a swelling domestic participant base.
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