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.

参与者

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

地点

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

文章

2026年十一月07日
1 篇总计
Chartist Talk: Can Nifty’s rally continue? Sudeep Shah advises partial profit booking, picks 3 Muhurat stocks
Chartist Talk: Can Nifty’s rally continue? Sudeep Shah advises partial profit booking, picks 3 Muhurat stocks

Moneycontrol.com • 11月07日 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.

可信度 78% 操纵 8% 中立
2026年十一月06日
4 篇总计
Stock Market Close: Nifty reclaims 25K as rally extends to 7th day; Sensex up 1,718 pts; banks shine
Stock Market Close: Nifty reclaims 25K as rally extends to 7th day; Sensex up 1,718 pts; banks shine

Business Standard • 11月06日 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.

可信度 85% 操纵 8% 中立
Nifty rises for 7th straight session: Does this rally have more legs? Check key trading levels
Nifty rises for 7th straight session: Does this rally have more legs? Check key trading levels

Moneycontrol.com • 11月06日 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.

可信度 82% 操纵 8% 中立
Stock market outlook today, 6 Nov: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues
Stock market outlook today, 6 Nov: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

Livemint • 11月06日 01:14

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

可信度 82% 操纵 8% 中立
D-Street braces for gap-down opening on negative GIFT Nifty cues
D-Street braces for gap-down opening on negative GIFT Nifty cues

The Economic Times • 11月06日 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.

可信度 85% 操纵 8% 中立
2026年十一月05日
1 篇总计
Stock market outlook today, 5 Nov: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues
Stock market outlook today, 5 Nov: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

Livemint • 11月05日 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.

可信度 78% 操纵 8% 中立

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