Today is the first trading session of the week and GIFT Nifty is trading more than 100 points higher, indicating gap-up opening in the market. In Asian markets, Japan’s Nikkei and Korea’s Kospi rose up to 2.25%. Know which stocks have been selected by analysts Ansh Bhilwara and Pooja Tripathi for today’s session.
Last week the market saw a lot of volatility and finally it closed 1.7% higher at 24,013. Broader markets saw strong action, with mid-caps rising 3.2% and small-caps rising 3.7%. Talking about the factors influencing the market, crude oil prices have fallen below $80 amid US-Iran talks. There are signs of return of foreign investors; On Friday, FIIs sold shares worth ₹4,859 crore in the cash market, while DIIs sold shares worth ₹1,159 crore.
Pooja Tripathi’s selected stocks
Neha Anand’s selected stocks
What are the important levels for Nifty?
SBI Securities has said in its report that the trend of the broader market remains bullish, while the Nifty is showing signs of stability. Nifty closed above its 100-day moving average (DMA) for the first time since February 2026, reflecting strong short-term sentiment. The index successfully maintained the level of 24,000, although there is no clear direction in the market right now. The zone of 23,850–23,800 will act as immediate support for Nifty.
If Nifty falls below 23,800, it may move towards 23,500.
The immediate resistance for Nifty is the zone of 24,150–24,200.
If Nifty crosses 24,200, it will move towards 24,500.
Keep an eye on monsoon and crude oil prices.
Profit-booking was seen in the market on Friday after the relief rally. Nifty gained 1,007 points during five consecutive sessions of rally. The reason for the fall on Friday was some differences regarding the US-Iran deal and weak guidance from Accenture. Monsoon also seems to be weak, due to which the market sentiment has weakened a bit. At present ‘buying on dips’ is an effective strategy. Crude oil prices appear to be under control and corporate results are expected to improve in H2FY27, which will boost market confidence.