This week ended on a mixed but broadly stable note for the Indian equity markets. After a rocky start on 24 November, the benchmarks recovered, even touched fresh highs, but ended Friday (28 Nov) largely flat amid volatility and profit-booking.
On 24 November, the markets began in green but saw a sharp sell-off toward the close — the BSE Sensex fell ~331 points, while the Nifty 50 dropped over 100 points.
Sector-wise, pharma, media and auto saw modest gains, while oil & gas, power and telecom under-performed, indicating a selective rather than broad-based rally.
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Not really. While there was strong mid-week rally and fresh highs, the week ended flat overall — indicating profit-taking and consolidation rather than a clear bullish breakout.
No. Gains were selective — pharma, media, auto did better; but oil & gas, power, telecom lagged. Mid-cap/small-cap also under-performed relative to large caps.
For Nifty 50 — support around ~26,050–26,100, resistance near ~26,600. Markets may oscillate within this band until a clear breakout or breakdown.
Depends on risk appetite. Long-term investors could view any meaningful dip as a buying opportunity. Short-term traders may wait for stronger macro signals (GDP data, global rate cues) before adding fresh positions.
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