Anuj Singhal said that the first full week of 2025 started from today. The results season will also start from this week. TCS results will come on January 9, the foundation will be laid from this. Today’s biggest signal- reaction will be seen on HDFC Bank Q3 update. Many other banks and FMCG companies also released updates. Overall, the Q3 updates were not as bad as the market was worrying. Q3 updates from Dabur, Marico not too bad. HDFC Bank’s loan growth was poor but deposit growth was excellent. Some PSU banks released good growth figures.
Anuj Singhal said that as long as Nifty is closing above 23,850, the trend is neutral. As long as Nifty is closing below 23,850, the trend is negative and if Nifty closes above 24,250-24,300, the trend will be positive.
What are the signals from the remaining updates?
Anuj Singhal said that Dabur’s updates are still weak but have shown signs of improvement. Maurico’s updates are better than before. The first signs of improvement in the rural economy were seen. The updates of Bajaj Finance, Bajaj Housing Finance are quite strong. Good updates have been given on PSU banks like BOB, IDBI, BOI and UCO. IndusInd Bank updates were weak but fully included in the sentiment. Overall the start of Q3 results season is not looking as bad as feared. The first signs of improvement in the economy are visible.
Then what will be the outlook on the market?
Anuj Singhal said that a lot will depend on the mood of FIIs from here. On Friday, FIIs sold back into cash and F&O. If the selling of FIIs reduces a little then a rally may occur. But if cash selling by FIIs increases then the problem will increase. At present Bizar is going through a difficult phase. It is possible that the market may show a lot of volatility for some days. The big trigger for the market now could be the budget. For some time, a better strategy would be to look at selected stocks.
strategy on nifty
Anuj Singhal said that the first support is at 23,950-24,000 (10 and 20 DEMA) while the major support is at 23,800-23,850 (recent lows). The first resistance is at 24,150-24,200 (Friday’s high). Major resistance lies at 24,250-24,300 (50 DEMA, Option Zone). Take trades on both sides with strict SL.
strategy on nifty bank
Whereas the first support of Bank Nifty is at 50,650-50,750 (200 DMA) while the major support is at 50,400-50,500 (Option Zone). The first resistance is at 51,300-51,400 (option zone). Major resistance lies at 51,400-51,600 (10 and 20 DEMA). It has to be seen how HDFC Bank reacts and then trade.
Nifty Strategy for Today: 24081-24133 first registration in Nifty, rise will be seen at the level of 24243
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