Analyst urges partial profit booking as Nifty seeks sustained rally

Analyst urges partial profit booking as Nifty seeks sustained rally

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Sudeep Shah of SBI Securities said on 7 November that the Nifty could maintain its rally provided it stayed above 24,750, but he advised investors to book partial profits ahead of the Muhurat session and pointed to Axis Bank, Bajaj Finance and TVS Motor as the top picks. Earlier in the week, the Gift Nifty rose about 1. 5% on 5 November, signalling a strong market opening, and the Nifty closed at 24,536, up 2.

4%, helped by lower crude prices and foreign institutional buying. Later that day, the Gift Nifty indicated a muted start as global markets slipped, before the Nifty crossed the 25,000 mark for the first time since February 2026, with banks and financial services leading the advance.

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Ponmudi R Hariselvan Radhakrishnan Sachin Gupta Vatsal Bhuva Enrich Money HST Wealth Choice Equity Broking LKP Securities

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India United States South Korea Japan Taiwan Wall Street, New York, United States

Articles

November 07, 2026
1 total
Technical analyst sees bullish outlook for Nifty but advises partial profit booking ahead of Muhurat session
Technical analyst sees bullish outlook for Nifty but advises partial profit booking ahead of Muhurat session

Moneycontrol.com • 07 Nov 04:18

Sudeep Shah of SBI Securities says Nifty can maintain its rally if it stays above 24,750, but recommends investors take partial profits and highlights Axis Bank, Bajaj Finance and TVS Motor as top picks for the upcoming Muhurat trade.

Credibility 78% Manip. 8% Center
November 06, 2026
4 total
Indian benchmarks extend rally, Nifty crosses 25,000 for first time since February 2026
Indian benchmarks extend rally, Nifty crosses 25,000 for first time since February 2026

Business Standard • 06 Nov 10:27

The Sensex rose over 1,700 points and the Nifty50 gained more than 2 % on Friday, marking a seventh consecutive session of gains as banks and financial services led the advance.

Credibility 85% Manip. 8% Center
Nifty extends rally to seventh session, analysts eye resistance at 24,800
Nifty extends rally to seventh session, analysts eye resistance at 24,800

Moneycontrol.com • 06 Nov 07:01

The Nifty 50 index closed above 24,600 for a seventh consecutive day, with analysts noting support near 23,600-23,800 and resistance at 24,800, while the broader market showed mixed breadth.

Credibility 82% Manip. 8% Center
Indian indices poised for muted open as global markets slide
Indian indices poised for muted open as global markets slide

Livemint • 06 Nov 01:14

The Gift Nifty indicated a lower start for Indian markets on Friday, while Wall Street and Asian benchmarks recorded sharp declines.

Credibility 82% Manip. 8% Center
Nifty rebounds above 24,000 as oil falls and foreign funds flow in
Nifty rebounds above 24,000 as oil falls and foreign funds flow in

The Economic Times • 06 Nov 00:30

The Nifty index closed at 24,536, up 2.4%, supported by lower crude prices and strong foreign institutional buying, while the rupee edged higher against the dollar.

Credibility 85% Manip. 8% Center
November 05, 2026
1 total
Indian equities poised for strong opening as GIFT Nifty climbs 1.5% amid global risk appetite
Indian equities poised for strong opening as GIFT Nifty climbs 1.5% amid global risk appetite

Livemint • 05 Nov 01:47

GIFT Nifty rose around 1.5% on Thursday, suggesting a positive start for Indian markets, while U.S. stocks rallied after Democratic wins in the midterm elections.

Credibility 78% Manip. 8% Center

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