Morning Action @ 7 AM — Thursday, November 27th 2025

# It’s likely to be a banner day for Nifty, Sensex and Bank Nifty. We believe Nifty should comfortably cross its all-time-high at 26277.35 mark.

# The positive catalyst: Reports suggest that Kevin Hassett is the leading candidate for Fed chair –– reinforced expectations of easier policy ahead.

# Well, lower U.S. interest rates typically boost the appeal of emerging markets like India, making them more attractive destinations for foreign capital.

# Bottom-line: A breakout above 26,277.35 won’t just set a new record — it would officially end a 14-month consolidation and potentially trigger the next leg of Nifty’s rally.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty ????????: (+25, 26415)
Dow Futures: (+43, 47470)
Nasdaq 100 Futures (+42, 25269)

Nikkei (+632, 50191)
Hang Seng (+37, 25945)

Dow Jones (+315, 47427)
Nasdaq Composite (+189, 23215)
Bovespa (+2645, 158555).

# MARKET TRENDS:
Global cues: Positive
FII: (+4778.00 crores)
DII: (+6247.90 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Breakout Play.
F&O: 25500 - 26700 zone.

INDIA VIX 12.02 (-1.86%)
USD/INR Futures (December) (89.41)
NIFTY PCR (30th December) 1.26
Bank Nifty PCR (30th December) 1.15

Nifty Outlook: If Nifty reclaims its all-time high of 26,277.35, it will mark the end of a 14-month pause.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26205):
SUPPORT: 26113/25900
RESISTANCE: 26277/26750
RANGE: 26100-26400
BIAS: Positive
21 DMA: 25865
50 DMA: 25511
200 DMA: 24553

SENSEX (CMP 85610)
SUPPORT: 85300/84500
RESISTANCE: 85978/86900
RANGE: 85400-86100
BIAS: Positive
21 DMA: 84458
50 DMA: 83268
200 DMA: 80553

BANK NIFTY (CMP 59528)
SUPPORT: 59100/58700
RESISTANCE: 60100/60900
RANGE: 59100-60100
BIAS: Positive
21 DMA: 58452
50 DMA: 57114
200 DMA: 54642

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# Wall Street ringed massive gains for the 4th straight day in overnight trade.

# The Positive Catalyst: The street is betting that the Fed will cut rates in December.

According to CME FedWatch, futures traders are pricing in an 83% probability of a quarter-point rate cut next month, up from 50% one week ago.

# Wall Street is closed on Thursday for the Thanksgiving holiday, while the stock and bond markets will close early on Friday.

# Gold prices ($4165 per ounce) jumped higher to a near two weeks high on expectations for looser US policy which lowered the US dollar and cut the opportunity cost of holding bullion.

# WTI crude oil futures ($58.70) are trading with negative bias and have fallen to 1-month low, as OPEC revised its outlook to show a supply surplus in the third quarter + growing optimism over a potential Ukrainian peace agreement which could ease restrictions on Russian oil, added to the downward pressure.

# STOCK MARKET NEWS:

# Market Recap:
Nifty (+1.24%) jumped out of the gate in yesterday’s trade.

Nifty Bank index (+1.20%) scaled fresh record high @59554.95, and most importantly, races towards psychological 60,000 mark

Nifty Metal index (+2%) shined after fresh positive commentary from India’s Steel Secretary who has said a government decision on reinstating the safeguard duty is expected soon

45 of the 50 Nifty stocks ended in the green in yesterday’s trade reflecting strong market breadth.

# The Big Question:
1) Will Nifty continue to run up to the hill and leave the recent consolidation behind?

2) Is this the start of a sustained breakout — or just another bounce?

# The Road Ahead:
# Our call of the day says all bullish eyes remain firmly set on Nifty’s all-time high of 26,277.35 — and the way momentum is building, that level is now well within striking distance.

# We reiterate, that Nifty will continue to maintain a constructively bullish stance. In fact, the recent upside momentum may not just be a bounce — it could be the beginning of a new positive trend on Dalal Street.

# The 2-Big Positive Catalysts:

1) RBI’s MPC meets Dec 3–5, and expectations are rising for a possible 25 bps rate cut.

2) Global mood remains upbeat as odds of a US Fed rate cut in December climb after dovish comments from NY Fed President John Williams.

# Technically Speaking:
With Nifty holding and closing above 26,000, the rally now looks broad-based across banking, realty, metals, and energy — signalling improving risk appetite.

For bullish traders, the Gyan Mantra is simple: Make hay while the sun shines with biggest support on Nifty seen at 25900 mark.

The good news is that Nifty is still above its 21 DMA (25865), 50 DMA (25511) and its 100 DMA (25207). Nifty’s 200 DMA at 24553 mark.

# The Biggest Headwind:
Only if there is a disappointment on US–India Trade Deal

# Upcoming economic data:
India’s GDP growth data for the quarter ending 30 September 2025 is due on Friday, November 28th

# STOCKS IN SPOTLIGHT:

1) MCX shares crossed the ₹10,000 mark for the first time, extending a remarkable rally. The stock has surged 132% in the past eight months, driven by strong volume growth and positive sentiment around the exchange business.

Year-to-date, MCX is up ~62% in 2025, following gains of 95% in 2024 and 106% in 2023, marking an exceptional multi-year bull run.

2) L&T climbed 2%, scaling fresh record high — as sentiment around the stock remains upbeat amidst strong order book visibility, execution strength, and continued government spending on infrastructure and defence.

3) Bharti Airtel (-1.61%) was the big laggard following a block deal, with reports indicating Indian Continent Investment may sell a ₹7,100-crore stake.

# Stocks scaling fresh 52-week high:
1) SBI: ₹999 (CMP ₹984.45)

2) L&T: ₹4,074.60 (CMP ₹4,062)

3) Axis Bank: ₹1,292.80 (CMP ₹1,290)

4) Reliance: ₹1,571.60 (CMP ₹1,569.90)

5) Shriram Finance: ₹858.85 (CMP ₹856.60)

# Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (26205): Buy at CMP. Stop 25771. Targets 26277/26421. Aggressive targets at 26700-27000 zone.

Bank Nifty (59528): Buy at CMP. Stop at 58171. Targets 59900/60300. Aggressive targets at 60700-61000 zone.

# Our chart of the day is bullish on MFSL, CUMMINS INDIA and GLENMARK on any early excessive intraday weakness with an interweek/Intermonth perspective.

# The 1 Stock to Buy Right Now: Buy Max Financial Services (MFSL: CMP 1736): Buy at CMP. Stop at 1641. Targets 1769/1809. Aggressive targets at 1883. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 1655. Major hurdles only at 1755 mark. Momentum buying is likely only above 1755 mark. 200-DMA at 1430.

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