In the last trade session, Nifty did not succeed in retaining the 25,000 Mark. We had expectations because the week had started with a lot of conviction on a very positive memorandum, but we could not maintain those levels, at least in Friday’s session. What is your opinion about the indices, in terms of strategy, for the coming week and the start of the next session?
Rajesh Palviya: Looking at the structure and the way in which profit booking took place, especially in today’s session, we are again below the 25,000 level. The market managed to cross 25,000, but the most important on -call activity was not covered, even though he crossed that level. On call writers were confident in the 25,000 and 25,100 strikes, which is why we saw Nifty slipping back below 25,000.
Now that we are entering the August Series Expiry Week, 25,000-25,200 will probably act as an important food zone. On the other hand, if we are able to stay above 24,800, some consolidation can take place at the current levels. So, Nifty can stay in the reach of 24,800-25,000 for a few days. A breakout above 25,000 could then cause a short covering action. But for the short term we expect accessible activity to the expiry.
On the other hand, the most important support area is 24,800, which coincides with both the 20-day and the 100-day advancing averages. This level must be viewed very closely in the coming week.
For Bank Nifty we now act under the 100-day advancing average. We have already broken important support zones of the 20- and 50-day advanced averages, and in today’s session we have also slipped under the 100-day advancing average. Derivate data also show a short structure in Bank Nifty. Structurally Bank Nifty looks weaker. Unless we cross more than 55,500, further weakness is possible, with the downward levels of 54,800 and even 54,700 probably in the coming week. So, compared to Nifty, Bank Nifty looks a bit weaker, but for Nifty, 24,800 remains the most important level to view.
I want your opinion about the car and car -supporting space. The automotive sector has registered its biggest weekly profit since May 2025. There are many positive points-the expected GST rate reduction on two-wheelers will stimulate sentiment, the holidays are strong, inventory problems can relieve discounts and falling worldwide uncertainty supports export. The raw material prices have also been stable. Especially in cars and cars are there stocks on your radar?
Rajesh Palviya: Yes, we have witnessed a very strong rally in most car shares. The car index itself rose by approximately 5% week on a week. Large-Cap Automatic names of both the two-wheeler and the four-wheeled space have done well.
Hero Motocorp and Bajaj Auto look promising from the two -wheeler room. Both shares gave an outbreak after long consolidation on both daily and weekly graphs. Bajaj Auto looks strong on the current levels, with an upward target of 8,900 – 9,000 in the coming weeks, while 8,450 should be the stop loss. For Hero Motocorp, the outbreak on the weekly graph suggests that the next goal is 5,500, with 4,800-4,750 as the loss of stopping.
In the four -wheel space, Maruti looks promising because it has given an outbreak on the long -term graph. This share has the potential to go further and every small decrease must be used as a buy option. Mahindra & Mahindra and Ashok Leyland also show good traction. Ashok Leyland is located near its high route, and Mahindra & Mahindra is also around record levels. In general, most car shares show strength on both short and long-term graphs. We believe that this sector can continue to extend the profit in the coming week, making it attractive for Momentum Games.
We also want your trade ideas for the coming week.
Rajesh Palviya: I have two ideas on the buy-side.
The first is of the pharmaceutical space – Cipla. After three to four months of consolidation, the stock gave an outbreak on the weekly graph and keeps strength for week on week. We are expecting more upward momentum in the coming week. You can buy Cipla with a target of 1,650 and a stop loss of 1,560.
The second idea is from cars – Maruti. As mentioned earlier, the shares has given an outbreak on both monthly and weekly graphs, with a clear breakout from contract triangle. Looking at this structure, we believe that Maruti can expand its profit. Short coverage has already begun in this counter and before the passing we may see a leg of rally. Our projected target is 14,800-15,000, with a stop loss on 14,170. Buying and accumulating would be the strategy here.
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