NIFTY50 ends at record high, forms doji candle on the daily chart

Markets ended the day at record high in a range-bound activity, extending the winning streak to the ninth consecutive session. The NIFTY50 index closed at 25,017 and formed a doji candles on the daily chart.

Sectorally, Financial Services (+0.8%) and Healtcare (+0.4%) were the notable gainers, while FMCG (-1.0%) and Consumer Durables (-0.6%) lost the most.

The NIFTY50 index formed a doji candle on the daily chart at a record high close, indicating market indecision after nine consecutive sessions of gains. This neutral candlestick pattern suggests a potential pause in the ongoing trend, making its high and low levels crucial for short-term direction.

A break above 25,100 on a closing basis could signal continued bullish momentum, potentially pushing the index toward the 25,300 zone. Conversely, if the index falls below 24,800, it may experience short-term weakness and a possible range-bound activity.

• Top gainer and loser in NIFTY50: Bajaj Finserv (+2.4%) and JSW Steel (-2.0%)

• The broader markets continued their winning streak, with the NIFTY Small Cap 100 (+1.0%) index reaching a fresh all-time high after nearly a month. Meanwhile, the Mid Cap 100 index edged closer to its record high, finishing the day in the green with a 0.4% gain.

• Top gainer and loser in NIFTY Midcap 100: JSW Infrastructure (+8.1%) and Syngene International (-3.0%)

• Top gainer and loser in NIFTY Smallcap 100: Tata Teleservices (+8.7%) and Affle (-2.7%)

Key highlights of the day

Top traded futures contracts

Top traded options contracts

4 trading insights from NIFTY 200🔍

📉Open=High (Bear power): Pb Fintech, Dabur, Bharat Forge, CG Power, Astral and Poonawalla Fincorp

📈Open=Low (Bull power): JSW Infrastructure, Lupin, Deepak Nitrite, ABB, Fertilisers And Chemicals Travancore and Cipla

🏗️Fresh 52 week-high: Lupin, SBI Life, HDFC AMC, Oil India, Shriram Finance and HDFC Life Insurance Company

⚠️Fresh 52-week-low: N/A

See you tomorrow!