🔔 Market Update: Nifty at Record High – Trade Cautiously on Diwali Session

Nifty is currently trading around 25,843, marking a new record high on the daily chart. However, on the hourly timeframe, the index appears to be consolidating within a tight range between 25,800 and 25,900. A decisive breakout above 25,900 could open the door for a fresh upside move, but before that, there’s a strong possibility that Nifty may retest the 25,750 support zone.

Considering this short-term range-bound structure, it’s advisable to avoid aggressive trading positions today. Traders can wait for a clear breakout confirmation before entering new trades. However, those who wish to participate symbolically in the Diwali Muhurat session, may take light positions purely for auspicious reasons, keeping risk and exposure minimal.

🏦 Market Update: Bank Nifty at Lifetime High – Wait for Breakout Confirmation

Bank Nifty is currently trading around 58,033, and similar to Nifty, it has created a new record high on the daily chart. On the hourly timeframe, the index is showing strong support near 57,850, while the immediate resistance lies around 58,221.

A clear breakout above 58,221 could trigger fresh momentum and open the path for further upside, but until then, traders may expect range-bound movement between 57,850–58,200. Given the limited volatility and the significance of today’s Diwali Muhurat Trading session, it is advisable to avoid heavy positions and instead participate with light or symbolic trades, in keeping with the auspicious spirit of the occasion.

                                            Let's analyze the market for the day

The stock market in the last afew days has fallen drastically from its high. Today we are going to see what factors affected the market 

US Bond rate: The US Bond rate has reached two years high. What does it mean now let's try to understand. A bond is one way of investment that most investors would like to do especially in the US and it is considered to be a safe investment. Now the market is at its high so expected from fall. So invested are in the mood of taking the money from Stocks to shifting the positions to Bonds. This is one of the reasons why we are seeing a big FII sell-off which could continue for a few days.

Nifty and Bank Nifty 

Nifty is really facing a strong resistance near at  18000 So even yesterday on Expiry the Nifty only once it crossed that level but then after it has fallen significantly and being a weekend coming I am expected one more fall and then we could have a Budget rally.

Bank Nifty is doing a lot better than Nifty however the resistance is seen at 38200 to 38300 and downside I do not see much fall. I am expecting it could touch 37500 and could come today. But do not loose hope and when this happen to buy in small and hold till the end of this  month expiry

Nifty Resistance at  18000 

Support  at  17500

Bank Nifty Resistance at  38200-38300

Support at  37000.

                                                                   FII & DII Data