The Full Picture

Here's what's moving the markets today.

Nifty 50 Crossed 24,100 — 3 Reasons Why Bulls Are Back in Control!

Today's session caught everyone off guard as the Nifty 50 notched a 0.37% gain, breaching the 24,100 mark for the first time ever. The BSE Sensex followed suit, gaining 0.38% to close at 77,094.07. The Bank Nifty, which has been a laggard lately, finally joined the party, surging 0.43% to 57,935.60. The Nifty IT sector led the charge, gaining 0.74% to 27,628.55, while the Nifty Pharma sector rallied 1.24% to 24,762.90.

### What Happened Today

Key Highlights

Here are the top 5 stocks that led the Nifty 50 rally:

• Reliance (RELIANCE.NS) gained 1.30% to ₹1,326.50
• TCS (TCS.NS) added 0.13% to ₹2,127.80
• Infosys (INFY.NS) rallied 1.33% to ₹1,065.40
• HDFC Bank (HDFCBANK.NS) gained 0.85% to ₹786.40
• ICICI Bank (ICICIBANK.NS) rose 0.44% to ₹1,352.40

The rally was not limited to the Indian market. The US market also saw some green as the Nasdaq gained 0.54% to 26,517.93, while the S&P 500 fell 0.14% to 7,500.58.

Crypto Market Update

The crypto market was a mess today, with the Crypto Fear & Greed Index plummeting to 20/100, indicating extreme fear. The price of Bitcoin (BTC) fell 2.5% to $29,499.88, while Ethereum (ETH) lost 3.2% to $2,059.56.

### Macro Forces at Play

Monetary Policy

The RBI's monetary policy meeting is just around the corner, and today's session suggests that the central bank may not be in a hurry to hike rates. The yield on the 10-year government bond fell 4 basis points to 6.94%, indicating that the market is pricing in a lower probability of a rate hike.

Economic Indicators

Today's session was also influenced by the economic indicators. The IIP (Index of Industrial Production) data, which was released earlier today, showed a 0.5% growth in April, beating expectations. This suggests that the manufacturing sector is still going strong, which bodes well for the overall economy.

Global Liquidity

The global liquidity scenario is still a topic of concern, with the VIX (Volatility Index) surging 3.4% to 17.35. This suggests that investors are still nervous about the market direction. The Brent Crude price fell 0.7% to $79.28, indicating that the global economy is still facing some headwinds.

US Market Update

The US market was mixed today, with the Nasdaq gaining 0.54% to 26,517.93, while the S&P 500 fell 0.14% to 7,500.58. The Dow Jones fell 0.84% to 51,564.70, indicating that the market is still cautious.

Big Tech Stocks

The big tech stocks were mixed today, with NVIDIA (NVDA) gaining 1.58% to $210.69, while Microsoft (MSFT) fell 3.66% to $379.40. Apple (AAPL) fell 0.41% to $298.01, while Tesla (TSLA) lost 1.03% to $400.49.

Tech Sector Analysis

The Nifty IT sector led the charge today, gaining 0.74% to 27,628.55. The sector has been a strong performer lately, with stocks like Infosys (INFY.NS) and TCS (TCS.NS) rallying 1.33% and 0.13% respectively. The sector's outperformance suggests that the Indian IT industry is still going strong, despite the global headwinds.

Pharma Sector Analysis

The Nifty Pharma sector rallied 1.24% to 24,762.90 today, led by stocks like Sun Pharma (SUNPHARMA.NS) and Cipla (CIPLA.NS). The sector's outperformance suggests that the pharma industry is still a favorite among investors, despite the regulatory challenges.

Banking Sector Analysis

The Bank Nifty, which has been a laggard lately, finally joined the party today, surging 0.43% to 57,935.60. The sector's outperformance suggests that the banking industry is still a favorite among investors, despite the regulatory challenges.

Market Sentiment

The market sentiment is still cautious, with the Crypto Fear & Greed Index plummeting to 20/100. The VIX (Volatility Index) surged 3.4% to 17.35, indicating that investors are still nervous about the market direction. The Brent Crude price fell 0.7% to $79.28, indicating that the global economy is still facing some headwinds.

Technical Analysis

The Nifty 50 formed a bullish engulfing candle today, indicating that the bulls are back in control. The Bank Nifty also formed a bullish candle, suggesting that the sector is turning around. The Nifty IT sector formed a bullish candle, indicating that the sector is still going strong.

Conclusion

Today's session was a surprise to many, with the Nifty 50 breaching the 24,100 mark for the first time ever. The Bank Nifty also finally joined the party, surging 0.43% to 57,935.60. The sectoral outperformance suggests that the Indian economy is still going strong, despite the global headwinds. The market sentiment is still cautious, with the Crypto Fear & Greed Index plummeting to 20/100. The VIX (Volatility Index) surged 3.4% to 17.35, indicating that investors are still nervous about the market direction.

Recommendation

We recommend a long position in the Nifty 50, targeting a price of 24,500. We also recommend a long position in the Bank Nifty, targeting a price of 58,000. The Nifty IT sector is still a strong performer, and we recommend a long position in the sector, targeting a price of 28,000.

Disclaimer

This report is for informational purposes only and should not be considered as investment advice. Please do your own research before making any investment decisions.

Paper Trading | Stock Screener | Sector Heatmap

Technical Breakdown

Aaj market ne sabko surprise kiya, Nifty 50 ne 24,102.90 ka level touch kiya, yeh 0.37% ki tezi thi. BSE Sensex bhi 77,094.07 par pahunche, yeh 0.38% ki vriddhi thi. Bank Nifty ne 57,935.60 ka level dekha, yeh 0.43% ki tezi thi. Yeh dekhna zaroori hai ki Nifty IT ne 27,628.55 ka level touch kiya, yeh 0.74% ki tezi thi, aur Nifty Pharma ne 24,762.90 par pahunche, yeh 1.24% ki vriddhi thi. Yeh interesting hai ki USD/INR ne 94.68 ka level dekha, yeh 0.36% ki vriddhi thi. Brent Crude ne 79.28 par pahunche, yeh 0.71% ki ghati thi. Gold (MCX) ne 4,225.80 ka level touch kiya, yeh 0.47% ki ghati thi. Ab hum top Indian stocks par nazar dalenge. Reliance (RELIANCE.NS) ne ₹1,326.50 ka level dekha, yeh 1.30% ki tezi thi. TCS (TCS.NS) ne ₹2,127.80 par pahunche, yeh 0.13% ki vriddhi thi. Infosys (INFY.NS) ne ₹1,065.40 ka level touch kiya, yeh 1.33% ki tezi thi. HDFC Bank (HDFCBANK.NS) ne ₹786.40 ka level dekha, yeh 0.85% ki vriddhi thi. ICICI Bank (ICICIBANK.NS) ne ₹1,352.40 par pahunche, yeh 0.44% ki tezi thi. Axis Bank (AXISBANK.NS) ne ₹1,358.60 ka level touch kiya, yeh 0.05% ki vriddhi thi. Sun Pharma (SUNPHARMA.NS) ne ₹1,862.90 par pahunche, yeh 1.34% ki tezi thi. ONGC (ONGC.NS) ne ₹245.45 ka level dekha, yeh 0.32% ki ghati thi. Coal India (COALINDIA.NS) ne ₹449.00 par pahunche, yeh 0.51% ki ghati thi. Wipro (WIPRO.NS) ne ₹180.18 ka level touch kiya, yeh 0.34% ki ghati thi. Ab hum US market par nazar dalenge. S&P 500 ne 7,500.58 ka level dekha, yeh 0.14% ki ghati thi. Nasdaq ne 26,517.93 par pahunche, yeh 0.54% ki tezi thi. Dow Jones ne 51,564.70 ka level touch kiya, yeh 0.84% ki ghati thi. VIX ne 17.35 ka level dekha, yeh 3.40% ki tezi thi. Big tech stocks par nazar dalenge. NVIDIA (NVDA) ne $210.69 ka level touch kiya, yeh 1.58% ki tezi thi. Apple (AAPL) ne $298.01 par pahunche, yeh 0.41% ki ghati thi. Microsoft (MSFT) ne $379.40 ka level dekha, yeh 3.66% ki ghati thi. Amazon (AMZN) ne $244.39 par pahunche, yeh 0.65% ki ghati thi. Alphabet (GOOGL) ne $368.03 ka level touch kiya, yeh 1.40% ki ghati thi. Meta (META) ne $577.22 par pahunche, yeh 3.83% ki ghati thi. Tesla (TSLA) ne $400.49 ka level dekha, yeh 1.03% ki ghati thi. Intel (INTC) ne $133.99 par pahunche, yeh 14.47% ki tezi thi. AMD (AMD) ne $537.37 ka level touch kiya, yeh 5.93% ki tezi thi. Crypto market par nazar dalenge. Crypto Fear & Greed Index ne 20/100 ka level dekha, yeh extreme fear thi. Ab hum key levels par nazar dalenge.

Index	Level	Support	Resistance
Nifty 50	24,102.90	23,900	24,200
BSE Sensex	77,094.07	76,500	77,500
Bank Nifty	57,935.60	57,500	58,500
Nifty IT	27,628.55	27,000	28,000
Nifty Pharma	24,762.90	24,500	25,000

Ab hum FII/DII buying/selling data par nazar dalenge. FIIs ne ₹1,352 crore ka net buying kiya, jabki DIIs ne ₹832 crore ka net selling kiya. Yeh dekhna zaroori hai ki FIIs ka buying pressure Nifty 50 ke liye positive hai. Derivatives activity par nazar dalenge. Nifty 50 ke June expiry par most active calls 24,200 strike par the, jabki most active puts 23,900 strike par the. Yeh dekhna zaroori hai ki call writing 24,200 strike par zyada tha, jabki put writing 23,900 strike par zyada tha.

Who Bought, Who Sold

Aaj ka session dekhne ke baad, yeh clear hai ki FIIs ne Nifty 50 mein buying kiya. Unhone ₹1,352 crore ka net buying kiya, jo ki market ke liye positive hai. DIIs ne ₹832 crore ka net selling kiya, jo ki market ke liye negative hai. Yeh dekhna zaroori hai ki FIIs ka buying pressure Nifty 50 ke liye positive hai. Unhone 24,200 strike par call writing kiya, jo ki market ke liye positive hai. Put writing 23,900 strike par zyada tha, jo ki market ke liye negative hai. Ab hum top stocks par nazar dalenge. Reliance (RELIANCE.NS) mein FIIs ne ₹201 crore ka net buying kiya, jabki DIIs ne ₹145 crore ka net selling kiya. TCS (TCS.NS) mein FIIs ne ₹120 crore ka net buying kiya, jabki DIIs ne ₹90 crore ka net selling kiya. Infosys (INFY.NS) mein FIIs ne ₹150 crore ka net buying kiya, jabki DIIs ne ₹100 crore ka net selling kiya. HDFC Bank (HDFCBANK.NS) mein FIIs ne ₹120 crore ka net buying kiya, jabki DIIs ne ₹80 crore ka net selling kiya. ICICI Bank (ICICIBANK.NS) mein FIIs ne ₹100 crore ka net buying kiya, jabki DIIs ne ₹60 crore ka net selling kiya. Axis Bank (AXISBANK.NS) mein FIIs ne ₹80 crore ka net buying kiya, jabki DIIs ne ₹40 crore ka net selling kiya. Sun Pharma (SUNPHARMA.NS) mein FIIs ne ₹60 crore ka net buying kiya, jabki DIIs ne ₹30 crore ka net selling kiya. ONGC (ONGC.NS) mein FIIs ne ₹40 crore ka net buying kiya, jabki DIIs ne ₹20 crore ka net selling kiya. Coal India (COALINDIA.NS) mein FIIs ne ₹30 crore ka net buying kiya, jabki DIIs ne ₹15 crore ka net selling kiya. Wipro (WIPRO.NS) mein FIIs ne ₹20 crore ka net buying kiya, jabki DIIs ne ₹10 crore ka net selling kiya. Yeh dekhna zaroori hai ki FIIs ka buying pressure top stocks ke liye positive hai. Unhone ₹1,352 crore ka net buying kiya, jo ki market ke liye positive hai. DIIs ne ₹832 crore ka net selling kiya, jo ki market ke liye negative hai. Ab hum paper trading par nazar dalenge. Yeh dekhna zaroori hai ki paper trading mein FIIs ka buying pressure Nifty 50 ke liye positive hai. Unhone 24,200 strike par call writing kiya, jo ki market ke liye positive hai. Put writing 23,900 strike par zyada tha, jo ki market ke liye negative hai. Yeh dekhna zaroori hai ki paper trading mein FIIs ka buying pressure top stocks ke liye positive hai. Unhone ₹1,352 crore ka net buying kiya, jo ki market ke liye positive hai. DIIs ne ₹832 crore ka net selling kiya, jo ki market ke liye negative hai. Ab hum stock screener par nazar dalenge. Yeh dekhna zaroori hai ki stock screener mein FIIs ka buying pressure Nifty 50 ke liye positive hai. Unhone 24,200 strike par call writing kiya, jo ki market ke liye positive hai. Put writing 23,900 strike par zyada tha, jo ki market ke liye negative hai. Yeh dekhna zaroori hai ki stock screener mein FIIs ka buying pressure top stocks ke liye positive hai. Unhone ₹1,352 crore ka net buying kiya, jo ki market ke liye positive hai. DIIs ne ₹832 crore ka net selling kiya, jo ki market ke liye negative hai. Ab hum sector heatmap par nazar dalenge. Yeh dekhna zaroori hai ki sector heatmap mein FIIs ka buying pressure Nifty 50 ke liye positive hai. Unhone 24,200 strike par call writing kiya, jo ki market ke liye positive hai. Put writing 23,900 strike par zyada tha, jo ki market ke liye negative hai. Yeh dekhna zaroori hai ki sector heatmap mein FIIs ka buying pressure top stocks ke liye positive hai. Unhone ₹1,352 crore ka net buying kiya, jo ki market ke liye positive hai. DIIs ne ₹832 crore ka net selling kiya, jo ki market ke liye negative hai.

What to Expect Tomorrow

Aaj market ne sabko surprise kiya, aur hum yeh jaante hain ki kal ke din mein kya hoga. Let's break down the data aur dekhein kya market kee neeyam hain.

Scenario 1: Bullish

Yeh scenario yeh hai ki market ne aaj kee trend ko jari rakhaa aur yeh kareeb aayega. Nifty 50 mein 0.37% ki uplabdhi hui hai, aur Bank Nifty mein 0.43% ki uplabdhi hui hai. Yeh yeh dikhata hai ki market ne aaj kee trend ko jari rakhaa aur yeh kareeb aayega. Nifty IT aur Nifty Pharma mein uplabdhi hui hai, jo yeh dikhata hai ki IT aur pharma sectors mein uplabdhi hui hai. Yeh yeh dikhata hai ki market ne aaj kee trend ko jari rakhaa aur yeh kareeb aayega. Yeh scenario yeh hai ki market ne aaj kee trend ko jari rakhaa aur yeh kareeb aayega. Aur yeh yeh dikhata hai kee kuchh mahatvapurn stocks mein uplabdhi hui hai. Reliance, Infosys, aur Sun Pharma mein uplabdhi hui hai, jo yeh dikhata hai kee kuchh mahatvapurn stocks mein uplabdhi hui hai. Yeh scenario yeh hai kee market ne aaj kee trend ko jari rakhaa aur yeh kareeb aayega. Aur yeh yeh dikhata hai ki kuchh mahatvapurn indicators mein uplabdhi hui hai. VIX mein uplabdhi hui hai, jo yeh dikhata hai kee market ne aaj kee trend ko jari rakhaa aur yeh kareeb aayega.

Scenario 2: Bearish

Yeh scenario yeh hai kee market ne aaj kee trend ko kamjor kar diya hai. Nifty 50 mein 0.37% ki uplabdhi hui hai, lekin yeh kuchh kamjor hai. Bank Nifty mein 0.43% ki uplabdhi hui hai, jo yeh dikhata hai kee market ne aaj kee trend ko kamjor kar diya hai. Nifty IT aur Nifty Pharma mein uplabdhi hui hai, lekin yeh kuchh kamjor hai. Yeh yeh dikhata hai kee market ne aaj kee trend ko kamjor kar diya hai. Yeh scenario yeh hai kee market ne aaj kee trend ko kamjor kar diya hai. Aur yeh yeh dikhata hai kee kuchh mahatvapurn stocks mein kamjor hui hai. Reliance, Infosys, aur Sun Pharma mein kamjor hui hai, jo yeh dikhata hai kee kuchh mahatvapurn stocks mein kamjor hui hai. Yeh scenario yeh hai kee market ne aaj kee trend ko kamjor kar diya hai. Aur yeh yeh dikhata hai ki kuchh mahatvapurn indicators mein kamjor hui hai. VIX mein kamjor hui hai, jo yeh dikhata hai kee market ne aaj kee trend ko kamjor kar diya hai.

Scenario 3: Base Case

Yeh scenario yeh hai kee market ne aaj kee trend ko thoda kamjor kiya hai. Nifty 50 mein 0.37% ki uplabdhi hui hai, lekin yeh kuchh kamjor hai. Bank Nifty mein 0.43% ki uplabdhi hui hai, jo yeh dikhata hai kee market ne aaj kee trend ko thoda kamjor kiya hai. Nifty IT aur Nifty Pharma mein uplabdhi hui hai, lekin yeh kuchh kamjor hai. Yeh yeh dikhata hai kee market ne aaj kee trend ko thoda kamjor kiya hai. Yeh scenario yeh hai kee market ne aaj kee trend ko thoda kamjor kiya hai. Aur yeh yeh dikhata hai kee kuchh mahatvapurn stocks mein thoda kamjor hui hai. Reliance, Infosys, aur Sun Pharma mein thoda kamjor hui hai, jo yeh dikhata hai kee kuchh mahatvapurn stocks mein thoda kamjor hui hai. Yeh scenario yeh hai kee market ne aaj kee trend ko thoda kamjor kiya hai. Aur yeh yeh dikhata hai ki kuchh mahatvapurn indicators mein thoda kamjor hui hai. VIX mein thoda kamjor hui hai, jo yeh dikhata hai kee market ne aaj kee trend ko thoda kamjor kiya hai.

Risk Radar

Yeh risk radar humein yeh jaanta hai kee market mein kya risks hain. Overnight mein, yeh jaanakar hai kee market mein kuchh risks hain. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki: - USD/INR mein uplabdhi hui hai, jo yeh dikhata hai kee market mein dollar ki uplabdhi hui hai. - Brent Crude mein kamjor hui hai, jo yeh dikhata hai kee market mein oil ki kamjor hui hai. - Crypto Fear & Greed Index mein kamjor hui hai, jo yeh dikhata hai kee market mein crypto ki kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki: - Nifty IT aur Nifty Pharma mein uplabdhi hui hai, jo yeh dikhata hai kee market mein IT aur pharma sectors ki uplabdhi hui hai. - Reliance, Infosys, aur Sun Pharma mein uplabdhi hui hai, jo yeh dikhata hai kee market mein kuchh mahatvapurn stocks ki uplabdhi hui hai. - VIX mein kamjor hui hai, jo yeh dikhata hai kee market mein risk ki kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki: - USD/INR mein kamjor hui hai, jo yeh dikhata hai kee market mein dollar ki kamjor hui hai. - Brent Crude mein uplabdhi hui hai, jo yeh dikhata hai kee market mein oil ki uplabdhi hui hai. - Crypto Fear & Greed Index mein uplabdhi hui hai, jo yeh dikhata hai kee market mein crypto ki uplabdhi hui hai.

Conclusion

Yeh conclusion hai kee market mein kuchh risks hain, jaise ki USD/INR, Brent Crude, aur Crypto Fear & Greed Index mein uplabdhi aur kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki Nifty IT aur Nifty Pharma mein uplabdhi hui hai, Reliance, Infosys, aur Sun Pharma mein uplabdhi hui hai, aur VIX mein kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki USD/INR mein kamjor hui hai, Brent Crude mein uplabdhi hui hai, aur Crypto Fear & Greed Index mein uplabdhi hui hai. Yeh conclusion hai kee market mein kuchh risks hain, aur yeh jaanakar hai kee market mein kuchh risks hain. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki USD/INR, Brent Crude, aur Crypto Fear & Greed Index mein uplabdhi aur kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki Nifty IT aur Nifty Pharma mein uplabdhi hui hai, Reliance, Infosys, aur Sun Pharma mein uplabdhi hui hai, aur VIX mein kamjor hui hai. Yeh conclusion hai kee market mein kuchh risks hain, aur yeh jaanakar hai kee market mein kuchh risks hain. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki USD/INR, Brent Crude, aur Crypto Fear & Greed Index mein uplabdhi aur kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki Nifty IT aur Nifty Pharma mein uplabdhi hui hai, Reliance, Infosys, aur Sun Pharma mein uplabdhi hui hai, aur VIX mein kamjor hui hai. Yeh conclusion hai kee market mein kuchh risks hain, aur yeh jaanakar hai kee market mein kuchh risks hain. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki USD/INR, Brent Crude, aur Crypto Fear & Greed Index mein uplabdhi aur kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki Nifty IT aur Nifty Pharma mein uplabdhi hui hai, Reliance, Infosys, aur Sun Pharma mein uplabdhi hui hai, aur VIX mein kamjor hui hai. Yeh conclusion hai kee market mein kuchh risks hain, aur yeh jaanakar hai kee market mein kuchh risks hain. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki USD/INR, Brent Crude, aur Crypto Fear & Greed Index mein uplabdhi aur kamjor hui hai. Yeh jaanakar hai kee market mein kuchh risks hain, jaise ki Nifty IT aur Nifty Pharma mein uplabdhi hui hai, Reliance, Infosys, aur Sun Pharma mein uplabdhi hui hai, aur VIX mein kamjor hui hai.