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Stocks to watch Tomorrow
BANDHANBK COLPAL HINDCOPPER HINDPETRO MARUTI LT JUBLFOOD ZEEL NTPC ONGC
The markets showed a robust upward movement following yesterday's breakout, experiencing a gain of over one percent. Nifty displayed strength throughout the day, starting with a gap-up and settling near the day's peak at 20096 levels. While most sectors participated in the rally, the standout performers were banking and financials, making significant contributions to the overall gains. Additionally, broader indices also recorded nearly a one percent increase. The banking index's resilience played a key role in restoring momentum to Nifty, and we anticipate this positive trend to persist. It is likely that Nifty will pause around the previous record high of 20222. levels before gradually advancing towards the 20500 level. Therefore, we recommend focusing on high-quality large-cap stocks across various sectors and making selective choices from the broader indices.The benchmark indices closed strongly on November 29, with Nifty surpassing 20,000 for the first time since September 20, 2023. At the closing bell, the Sensex posted a gain of 727 points reaching 66901, while the Nifty recorded a rise of 206 points closing at 20096. Of the total stocks traded, 1828 advanced, 1706 declined, and 123 remained unchanged.Moving forward, investors will closely watch the results of the upcoming exit poll, the OPEC+ meeting, and India's GDP data to gauge the short-term direction. Nifty is expected to encounter resistance around 20220, and if surpassed, the next resistance is likely at 20340. For Bank Nifty, resistance is anticipated around 44750, followed by 45000.
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