Bulls accumulating with Shakeouts in index! Stay sharp.

NIFTY has now closed below our support level of 25666, exactly as we discussed over the last few days.

You guys were already warned back on October 24 that Nifty’s health was turning “Orange”, so if still your portfolio is showing losses, it’s time to take learning seriously. First you learn, then you earn.

Also remember, when the overall market environment turns weak, your intraday and momentum stocks won’t work the same way they usually do. It’s okay. It’s normal.

We might need to wait through this week. From next week, conditions should start improving as the monthly breadth continues to get stronger.

Yesterday, #Nifty gave a big red candle, but it was just a shakeout within the ongoing uptrend. The overall market health is still orange and hasn’t turned red yet.

Now, Nifty’s Pivot has slipped slightly lower to 25654. This will act as intraday resistance for tomorrow. Once this level breaks, we could see sharp short covering.

Remember — this is just a shakeout within a normal pullback, and bulls are still accumulating quietly.

The next key support is at 25550. If that breaks too, 25350 would be the next target. However, that’s less likely since the broader trend remains bullish. But still, market is market — so stay alert.

Short-term traders should keep an eye on #Defence, #Finance, and #Auto_Ancillaries sectors.

Long-term investors should study #Infra, #Metals, #NewAgeTech, and #ShipBuilding sectors — including their proxy plays.

This is a good time to accumulate quality stocks with a TechnoFunda approach. Focus on companies showing strong sales growth, rising earnings, improving EPS, and high accumulation on technical charts.

📊Levels at a glance:

Pivot: 25654 (Intraday resistance)
Support: 25550 / 25350
Market Health: Orange (cautious accumulation phase)
Bias: Bullish long term, short-term shakeout ongoing
Sectors for short term: Defence, Finance, Auto Ancillaries
Sectors for long term: Infra, Metals, New Age Tech, Ship Building
Strategy: Accumulate quality stocks with strong TechnoFunda setup

That’s all for the day. Take care and have a profitable tomorrow.