Helpful to get support from rupee strength, FII inflows

The near-term outlook for Nifty has turned cautiously positive, supported by improving technical signals, a recovery in the rupee and a resumption of buying by foreign investors. While resistance around 26,000 points remains crucial, a decisive breakout could pave the way for further upside potential, although periodic consolidations or volatility cannot be ruled out.RUCHIT JAIN
VICE PRESIDENT, MOTILAL OSWAL FINANCIAL SERVICES

Where is Nifty going?
The reference index has undergone a correction phase over time in recent months. Throughout this consolidation, the 50-DEMA of 25,774 has acted as support, and the index has not closed below it. However, the broader markets have witnessed a price correction phase during this period. The recent correction subsided as FPI buying resumed and the rupee recovered, which has improved market sentiment in the short term. Trading Strategies: The outlook for the index remains bullish, with a support base around the 50-DEMA of 25,774. Traders can buy Nifty around the CMP of 25,966 (spot), with a stop loss below 25,700, for potential upside towards the recent swing high of 26,325, followed by 26,500.

TOP STOCK BETTS:
IDFC First Bank: CMP Rs 84.7. Buy with a stop loss of Rs 82 and a target of Rs 91.

The stock has recently shown relative outperformance, with price increases supported by strong volumes. Bharat forge: CMP Rs 1,440. Buy with a stop loss of Rs 1,381 and a target of Rs 1,550.
The stock has seen the formation of a ‘higher top, higher bottom’ formation and has given a breakout, indicating a continuation of the uptrend.

RUPAK DE
SENIOR TECHNICAL ANALYST, LKP SECURITIESWhere is Nifty going?
Nifty has broken the falling wedge pattern, indicating a marked improvement in market sentiment. After several consolidation sessions, the index has also regained its 21-day EMA on the daily chart, reflecting a return to strength in the short term. Before this upward move, the Nifty tested the 50-day EMA of 25,774 twice but failed to break below it, underscoring the robustness of this support zone. Overall, the technical setup appears constructive and supportive of a short-term rally. Going forward, the 26,000 limit remains a crucial level to keep an eye on. A decisive breakout above this zone could open the door for an upward move towards 26,300. On the other hand, immediate support stands at 25,900, which is expected to act as the first line of defense for the index.

Trading Strategy: A long position in Nifty can be considered with targets at 26,080 and 26,190 while maintaining a stop loss below 25,880 (spot).

TOP STOCK BETTS:
JK band: The stock has emerged from a month-long consolidation on the daily chart, indicating strong short-term momentum. It looks well placed to move towards Rs 615, with a stop loss at Rs 470.

Schneider: The stock is showing signs of recovery after weeks of weakness. A bullish harami pattern on the daily chart, supported by a positive RSI divergence, indicates upside potential towards Rs 780, with a stop loss at Rs 688.

AJIT MISHRA
SENIOR VICE PRESIDENT – RESEARCH, RELIGIOUS BROKING

Where is Nifty going?
Going forward, the Nifty has regained its short-term moving average, the 20-DEMA, around the 25,950 level. Sustained strength above this zone is essential for a move towards the 26,050–26,200 range, followed by a retest to record highs. On the other hand, the previous swing low near 25,700 remains an important support. A breakdown below this level could broaden the consolidation, with the next major support placed around 25,450, which coincided with the 100-DEMA.

Trading strategies
The strategy of “buying on dips” in both the Nifty and autopack through ETFs can be considered. For the Nifty, traders can consider accumulating NIFTYBEES (CMP: Rs 293.4) ​​in the range of Rs 290-295, with a stop loss at the closing base of Rs 284 and potential targets in the zone of Rs 310-320. In the auto sector, traders can look at accumulating AUTOBEES (CMP: Rs 283.7) in the range of Rs 284-286, with a stop loss at the closing base of Rs 270 and an upside potential towards the Rs 310-320 zone.

TOP STOCK BETTS:
Bharat forge: Buy (CMP: Rs 1,439), Stop Loss: Rs 1,360, Target: Rs 1,600

The stock has formed a medium-term base above the 200-DMA and reclaimed key short- and medium-term moving averages, indicating a return to a bullish bias. Momentum indicators remain supportive, suggesting the uptrend is likely to continue, with dips attracting buying interest.

Titan: Buy (CMP: Rs 3,930), Stop Loss: Rs 3,740, Target: Rs 4,350

Titan remains in a long-term uptrend, although recent price action shows increasing volatility via a broader pattern. The stock continues to trade above key moving averages, indicative of underlying strength, even as short-term pauses or pullbacks remain possible after the sharp rally.