Bizz Buzz Pre-Market: Key Insights Before the Opening Bell

The stock market on November 29 witnessed a resurgence, crossing the psychological mark of 20,000 after a couple of months. The Nifty50 displayed positive trends across various indicators, including moving averages, RSI, and MACD on daily, weekly, and monthly timeframes. Experts suggest that with support at 20,000-19,800 levels, the Nifty50 might surpass its previous record high in the coming days.

The BSE Sensex rose by 728 points, reaching 66,902, while the Nifty50 surged by 207 points to 20,097, forming a long bullish candlestick pattern. Analysts, such as Rupak De from LKP Securities, noted that the overall trend looks positive, with a potential move towards 20,450-20,500 in the short term unless it falls below 19,850.

The Bank Nifty closed at a nearly seven-week high, indicating a strong buy mode with a solid support base. Kunal Shah from LKP Securities highlighted a significant hurdle at 44,700 for the banking index.

The article provides 15 key data points, including support and resistance levels on the Nifty, Nifty Bank analysis, call and put options data, stocks with high delivery percentage, long build-up, long unwinding, short build-up, and short-covering.

Some notable points include a high delivery percentage in stocks like ICICI Prudential Life Insurance, Marico, Godrej Consumer Products, Aditya Birla Capital, and Navin Fluorine International. Long build-up was observed in 58 stocks, while 29 stocks saw long unwinding. Short build-up was seen in 18 stocks, and short-covering was noted in 81 stocks, including Atul, Ramco Cements, L&T Technology Services, Alkem Laboratories, and HDFC AMC.

The Nifty Put Call ratio (PCR) increased to 1.47, the highest level since September 11, indicating a rise in bearish sentiment. The article also covers bulk deals, stocks in the news, funds flow data, and FII and DII activity.

Disclaimer: The views and investment tips expressed in the article are those of the experts quoted and not the website or its management. It is advisable to consult certified experts before making investment decisions.