20/09/26, Levels for 22/09/25

 

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SENSEX WEEKLY GRAPH 

NIFTY WEEKLY GRAPH 

20/09/25, adani power share split

 Adani Group stocks are back in the limelight after market regulator SEBI clears all allegations by the former US short seller Hindenburg.

On September 19th alone, Adani Group's market valuation skyrocketed by Rs 69,000 crore. However, there is one Adani stock that had an action-packed week! This specific power-generating Adani company touched a new 52-week high and gave nearly 15% returns in just 1 day. Also, the stock is going to be in focus next week for its first-ever stock split in the ratio of 1:5. Experts are bullish and continue to give BUY ratings! Who is it?

Drum Roll! It is none other than Adani Power! 

Adani Power had a strong trading week between September 15 to 19, despite the stock seeing selling pressure in the first three days of this week. Adani Power made a strong turnaround from September 18th to 19th. Here's how!

Adani Power Share Price:

Adani Power started the latest weekly session with about a 1% decline each on September 15th, 16th, and 17th. The stock price did halt its three-consecutive-day losing streak on September 18th, but the gains were meager at 0.11% on BSE to Rs 630.85.

Then came September 19th. Adani Power, just like every other Adani stock, was bound to see a strong bullish trend after Sebi dismissed Hindenburg's allegations on the port-to-power empire for stock manipulation, fraud and related party misuse, among others.

This is a massive faith restoration in Adani stocks because when Hindenburg accused the Adani Group and chief Gautam Adani of stock manipulation in January 2023, this empire recorded one of the biggest market routs in India's history, nearly 150 billion.

Hence, Sebi's clean chit against the Hindenburg row is a big win for Gautam Adani and his stocks.

But the trend in Adani Power was not limited to Hindenburg! This heavyweight power utilities company is going to split its shares in the ratio of 1:5 on September 22nd as well.

The strong optimism of investors led Adani Power to hit a new 52-week high of Rs 723.40 apiece and surge by at least 14.7% from the previous day. After market hours, the stock closed at Rs 709.05 on BSE, up by 12.40% with a market cap of Rs 273,476.26 crore.

Why Do Analysts Still Recommend BUY On Adani Power?

Jigar S. Patel, Sr. Manager - Equity Research of Anand Rathi told GoodReturns, since the start of 2025, ADANIPOWER faced repeated rejections from the 610-620 zone, as highlighted in the chart. However, the stock has recently broken above this crucial resistance with strong volume, confirming a range breakout. This indicates improved buying interest and momentum. 

On the technical front, he added, the weekly MACD has given a bullish crossover just above the zero line, adding to the positive outlook. Such a signal often strengthens the probability of sustained upside.

Hence, Patel said, "a staggered buying approach is recommended up to 680 levels, keeping a stop-loss below 620 on a closing basis."

"The breakout sets the stage for a potential move towards 810 in the coming weeks, provided momentum sustains above the breakout zone," Patel lastly said.

Also, the consensus recommendation from 4 analysts for Adani Power Ltd. is STRONG BUY, as per Trendlyne.

Adani Power Stock Split:

The powerpack Adani company is going to turn ex-date for a stock split for the first time ever. The ratio of stock split is 1:5 which means that 1 (one) equity share having a face value of Rs. 10/- (Rupees Ten only) each fully paid-up will be subdivided/split into 5 (five) equity shares having a face value of Rs. 2/- (Rupees Two only) each fully paid-up.

The record date for the stock split is fixed on Monday, September 22, 2025 as the "Record Date" for the purpose of determining the eligibility of shareholders for subdivision.

In general terms, a stock split is carried by listed companies to improve liquidity and make its shares available at a fresh cheaper price for both new and existing investors. However, the share capital does not change due to stock split. For example: If you are holding 100 shares of Adani Power at Rs 700 per share, and is eligible for the 1:5 stock split ratio.

Then...

100 Shares will multiply to 500 shares (100x5/1): Rs 700 Per Share Could Fall To Rs 140 (Rs 700/5)

But your portfolio value will not reduce.

100 Shares X Rs 700 Per Share: Rs 70,000

500 Shares X Rs 140 Per Share: Rs 70,000

Hence, your portfolio will remain same, but the number of shares will rise and the price level will decline due to the stock split.

About Adani Power Ltd:

Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The company has an installed thermal power capacity of 12,410 MW spread across six power plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh, apart from a 40 MW solar power plant in Gujarat.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.

By Pooja Jaiswar, Goodreturns.in

20/09/25, The Great Eastern Shipping Company Ltd. (GE Shipping) has disclosed that it has entered into a loan agreement with its wholly-owned subsidiary, Greatship (India) Limited (GIL), for a term loan of Rs. 425 crores.

This action is a follow-up to a previous announcement made on July 31, 2025. The purpose of this inter-corporate loan is to enable GIL to prepay an existing External Commercial Borrowing facility, which currently has an outstanding balance of USD 70.9 million. GE Shipping holds 100% of the shares in GIL.

The unsecured loan was executed on September 18, 2025, and has a term of 2.5 years. The agreement includes a prepayment option for GIL. The loan's interest rate is set at 7.50% per annum, payable quarterly. The terms of the agreement do not include any special rights for GE Shipping, such as the ability to appoint directors or a first right to share subscription. Furthermore, the disclosure clarifies that GIL is a wholly-owned subsidiary, and the company's promoters and promoter group are not interested in the transaction.

DSIJ's 'Mid Bridge' service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.

About the Company

The Great Eastern Shipping Company Ltd. (GE Shipping), founded in 1948, is India's largest private sector shipping company, specialising in the transportation of liquid (crude oil, petroleum products, gas) and solid bulk commodities. Through its two main business segments-shipping and offshore-GE Shipping operates a diverse fleet and also provides offshore exploration and production services via its wholly-owned subsidiary, Greatship (India) Limited. The company is publicly traded on both the BSE and NSE, with a strong international presence and a focus on operational efficiency and sustainable growth.

According to Quarterly Results (Q1FY26), the company reported net sales of Rs 1,201 crore and net profit of Rs 504 crore. In its annual results FY25), the company reported net sales of Rs 5,323 crore and net profit of Rs 2,344 crore.

The shares of the company have a PE of 8x, an ROCE of 14 per cent and an ROE of 14 per cent. The stock is up by 33.61 per cent from its 52-week low of Rs 797.25 per share and has given multibagger returns of 325 per cent in 5 years.

source: Dalal Streets Investment Journal, Daily hunt 

Disclaimer:The article is for informational purposes only and not investment advice.

19/09/25, The benchmark Nifty-50 index, maintaining its positive momentum, gained 0.37% on Thursday to close at 25,423.60. The Bank Nifty, at 55,727.45, gained 0.42%. Pharma and IT were key gainers.The mid- and small-caps also gained 0.29-0.36%. .

Trade Setup for Friday

For Nifty, support is placed at 25,300 and 25,150. Crucial resistance is seen at 25,500. A decisive move above this level could trigger a rally towards 26,000, said Rupak De, Senior Technical Analyst at LKP Securities.

The Bank Nifty index is expected to maintain a positive bias and head higher towards 56,000-56150 levels.

Global Markets, US Fed rate cut, India-US trade deal

"The Indian stock market extended gains after the 25 bps US Fed rate cut and indication for further easing. Although elevated valuations and a firm dollar index prompted intermittent profit booking, comfort in private banks and mid & small caps helped in sustaining the positive bias and regain the trend," said Vinod Nair, Head of Research, Geojit Investments Limited.

Analysts expect the gradual upmove to continue, with markets tracking tariff-related developments guiding near-term sentiment.

Stocks to buy today

Regarding stocks to buy today, market experts-Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, recommended these eight intraday stocks for today: Eternal Ltd., Laurus Labs Ltd., PNB Housing Finance Ltd., ITC Ltd., Hindustan Zinc Ltd., CIE Automotive India Ltd., Latent View Analytics Ltd. and Shalby Ltd.

Sumeet Bagadia's stock picks

1. Eternal Ltd -Bagadia recommends buying ETERNAL at around ₹337.85 keeping Stop loss at ₹326 for a target price of ₹362

ETERNAL is currently trading at ₹337.85, the stock is currently displaying a Long-term uptrend, evident from its recent strong rally. The price structure is forming a sequence of higher lows and higher highs in recent sessions and has formed a new all-time high at 338.5, indicating strong bullish momentum. This bullish structure is supported by rising volumes, confirming the strength behind the price action. The overall trend remains firmly positive.

2. Laurus Labs Ltd - Bagadia recommends buying LAURUSLABS at around ₹923.25 keeping Stop loss at ₹891 for a target price of ₹988

LAURUSLABS is currently trading at ₹923.25 and continues to exhibit strong bullish momentum, supported by a steadily rising price structure and consistent upward swing formation. The stock is now approaching its all-time high of 926.3, which stands as a crucial resistance level. A decisive breakout above this zone could attract renewed buying interest and potentially open the door to further upside. The overall trend remains firmly positive, with the 20, 50, 100, and 200-day Exponential Moving Averages all trending upward-underscoring sustained demand and strengthening bullish sentiment across short- to long-term time frames.

Ganesh Dongre's stocks to buy today

3. PNB Housing Finance Ltd- Dongre recommends buying pnbhousing or PNB Housing Finance at around ₹860 keeping Stop loss at ₹830 for a target price of ₹895

Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 860 and has established a solid support base at ₹ 830. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹895 level in the near term.

4. Hindustan Zinc Ltd-Dongre recommends buying Hindustan Zinc at around ₹458 stop loss at ₹445 for a target price of ₹485

Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 458 and maintaining a strong support at ₹ 445. The technical setup indicates the potential for a price retracement towards the ₹ 485 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 445 offers a prudent approach to capturing the anticipated upside.

5. ITC Ltd- Dongre recommends buying ITC at around ₹412 keeping Stop loss at ₹405 for a target price of ₹430

Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 412 and maintaining a strong support at ₹ 405. The technical setup indicates the potential for a price retracement towards the ₹ 430 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 405 offers a prudent approach to capturing the anticipated upside

Shiju Koothupalakkal intraday stocks for today

6. CIE Automotive India Ltd- Koothupalakkal recommends buying CIE AUTOMOTIVE at around ₹432 for a target price of ₹460 keeping Stop loss at ₹422

The stock has gained momentum from the ₹382 level moving past the 50EMA at ₹410 level to improve the bias with huge volume participation visible in the last two sessions to anticipate for further rise in the coming sessions. The RSI is currently on the rise with strength indicated and can carry on with the positive move further ahead. With the chart technically well placed, we suggest buying the stock.

7. Latent View Analytics Ltd- Koothupalakkal recommends buying LATENT VIEW ANALYTICS at ₹427.95 for a target price of ₹450 keeping Stop loss at ₹418

The stock has taken support near the important 50EMA at ₹418 zone and has indicated a bullish candle formation on the daily chart to improve the bias anticipating for further upward move in the coming days. The RSI is currently well positioned and has signalled a buy with much upside potential visible to carry on with the positive move further ahead. With the chart technically well placed, we suggest buying the stock.

8. Shalby Ltd- Koothupalakkal recommends buying SHALBY at around ₹235 for a target price of ₹252 keeping Stop loss at ₹230

The stock recently has indicated a strong spurt from ₹195 zone with huge volume participation witnessed and thereafter, with some consolidation witnessed has formed a flag pattern on the daily chart with currently once again with volume participation rising and price action visible has improved the bias anticipating for another fresh round of momentum in the coming sessions. The RSI has cooled off from the overbought zone and with strength indicated has much upside potential visible. With the chart technically looking good, we suggest buying the stock.

Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies. We advise investors to check with certified experts before making any investment decisions.

source: mint,  Daily hunt

18/09/25, intraday out look

The benchmark equity indices Sensex and Nifty opened on a firm note on Thursday, supported by gains in IT and banking stocks after the US Federal Reserve cut its key policy rate by 25 basis points and signalled the possibility of further reductions this year.

Sensex climbed 447.5 points to 83,141.21 in early trade, while the NSE Nifty rose 118.7 points to 25,448.95. The Nifty50 has gained 1,000 points in the past 14 sessions.

Among the major gainers were Infosys, HCL Tech, Tech Mahindra, HDFC Bank, Sun Pharma and Tata Motors.

Key factors behind the market rise:

1) US signaling 2 more rate cuts this year: The Federal Reserve reduced interest rates by 25 basis points, its first cut of the year, and projected two more reductions ahead. Analysts said the move could draw foreign capital inflows into India, support the rupee and aid domestic equities.

“The Fed's decision is positive for Indian markets as it strengthens the outlook for capital inflows,” said Rajesh Palviya, SVP - Research, Axis Securities.

Global cues: Asian markets traded mostly higher, with indices in South Korea, Japan and Shanghai gaining, though Hong Kong's Hang Seng was lower. US markets ended mixed overnight.

“The Fed's signal of additional rate cuts boosted sentiment. Asian markets opened nearly 1 per cent higher, while US index futures were up over 0.5 per cent,” Motilal Oswal Financial Services said in a note.

Crude prices: Brent crude slipped 0.16 per cent to USD 67.86 a barrel. Lower oil prices are favourable for India as they help reduce import bills and ease inflationary pressures.

Volatility index: The India VIX fell 2.76 per cent to 9.96, reflecting lower market volatility.

India-US trade talks: Hopes of progress in bilateral trade negotiations also supported sentiment. Brendan Lynch, Assistant US Trade Representative for South and Central Asia, is in New Delhi for discussions on tariff-related issues.

“The ongoing rally is driven by earnings revival expectations and optimism over India-US trade talks,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Rise in IT stocks: The shares of Indian IT companies jumped on September 18 after the US Federal Reserve cut its interest rate for the first time since December 2024. The sharp rise in the share prices pushed the Nifty IT index higher to emerge as the top sectoral gainer on the market today. The Nifty IT index rose 1.5 percent in the morning to 37,006, extending gains for the third consecutive session.

Technical outlook

According to Anand James, Chief Market Strategist at Geojit Financial Services, the Nifty may move towards the 25,400–25,600 range. He said a downside marker is placed at 25,280, while a slip below 25,200 could open the way towards 24,800.

17/09/25, Hyundai Motors

 The shares of Hyundai Motor India jumped 2 percent on September 17 after the automaker announced that it has signed a wage settlement agreement which includes "industry-best salary increase of Rs 31,000 per month".

The shares of the company hit a 52-week high of Rs 2,659.90 apiece, extending gains for the second consecutive session.

In an exchange filing, Hyundai Motor India announced that it has concluded and signed the "mutually beneficial wage settlement agreement" with United Union of Hyundai Employees (UUHE) for the period 2024–2027.

The Rs 31,000 per month increase will be structured over a three-year period in the ratio of 55 percent, 25 percent and 20 percent, according to the automaker. It added that it will continue to provide best-in-class health coverage and advanced wellness programs.

“At Hyundai, our people are the cornerstone of our success. This agreement, built on mutual trust, respect, and constructive dialogue, reflects our shared commitment to fostering a progressive workplace culture that prioritizes employee welfare and supports long-term organizational growth,” said Youngmyung Park, Function Head - People Strategy at Hyundai Motor India.

The United Union of Hyundai Employees (UUHE) is the officially recognized representative body for the workforce of Hyundai Motor India. Nearly 1,981 employees, representing 90 percent of the technician and workmen cadre of the automaker, were members of the union, as of August 31.

17/08/25, Nifty Pharma

17/09/25, Stock markets rebounded on Tuesday with the benchmark Sensex climbing nearly 595 points on renewed optimism over the resumption of the India-US trade talks.

 

The 30-share BSE Sensex jumped 594.95 points or 0.73 per cent to settle at 82,380.69 following buying in auto and IT shares. During the day, it surged 657.74 points or 0.80 per cent to 82,443.48.

The 50-share NSE Nifty climbed 169.90 points or 0.68 per cent to 25,239.10.

Chief negotiators of India and the US have commenced talks on the proposed trade agreement to iron out issues in the wake of steep tariffs that have created uncertainties for exporters, an official said on Tuesday.

A rally in Asian and US peers also instilled optimism in the domestic stock market ahead of this week’s US Federal Reserve policy meeting.

Among Sensex firms, Kotak Mahindra Bank rose the most by 2.55 per cent. Larsen & Toubro, Mahindra & Mahindra, Maruti, Bharti Airtel and Tata Steel were also among the major gainers. Asian Paints and Bajaj Finance closed with losses.

"The domestic market sustained its recovery trend, supported by favourable global cues on expectations of a 25 bps rate cut in the forthcoming US Fed policy decision and renewed optimism surrounding the resumed India-US trade negotiations.

"Auto and consumer durable stocks outperformed, ahead of the rollout of new GST rates and festive-driven demand expectations," Vinod Nair, Head of Research, Geojit Investments Limited, said.

The BSE smallcap gauge climbed 0.66 per cent and midcap index went up by 0.62 per cent. Among sectoral indices, services jumped the most by 1.67 per cent, followed by telecommunication (1.50 per cent), auto (1.43 per cent), teck (1.05 per cent), industrials (1.05 per cent), realty (1.02 per cent), consumer discretionary (0.96 per cent) and commodities (0.90 per cent).

FMCG emerged as the only laggard. "The rally was driven by strong gains in auto, realty, and financial stocks, as optimism grew around ongoing India-US trade talks and expectations of a US Federal Reserve rate cut later this week," Gaurav Garg, Research Analyst, Lemonn Markets Desk, said. - PTI

source: The Tribune / Dailyhunt 

16/09/25, Gold price surged to a fresh all-time high on Tuesday, September 16, touching USD 3,689 per ounce amid a softer dollar and growing speculation over the Federal Reserve's upcoming policy decision.

Spot gold was last seen at USD 3,680.80 per ounce, after briefly hitting USD 3,685.39 on Monday. In India, 24-karat gold is priced at INR 11,105 per gram and INR 1,11,050 per 10 gm, while 22-karat gold stands at INR 10,179 per gram, as per Good Returns. Prices in the domestic market climbed to INR 1,09,820 per 10 gm on Monday, up from INR 1,09,800 on Saturday, according to the India Bullion Association. Reportedly, analysts attribute the surge to safe-haven demand amid escalating geopolitical tensions and expectations of a possible Fed rate cut.

source: Latestly report/ Dailyhunt

16/09/25, Mint Report on Stock Market

 

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a muted note Tuesday, amid cautiousness in the domestic markets.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 25,158 level, a discount of nearly 6 points from the Nifty futures' previous close.

On Monday, the equity market indices ended with minor losses, with the benchmark Nifty 50 closing below 25,100 level.

The Sensex fell 118.96 points, or 0.15%, to close at 81,785.74, while the Nifty 50 settled 44.80 points, or 0.18%, lower at 25,069.20.

Here's what to expect from Sensex, Nifty 50, and Bank Nifty today:

Sensex Prediction

Sensex formed a small bearish candle on the daily chart, indicating indecisiveness.

"The immediate support for Sensex is at 81,500 and 81,400 points. A break below these levels could lead to a test of the next support zone near 81,000. On the upside, the index faces resistance at 82,000 and 82,200 points. A convincing move above this resistance could signal a resumption of the upward trend," said Mayank Jain, Market Analyst, Share.Market (PhonePe Wealth).

Shrikant Chouhan, Head Equity Research, Kotak Securities said that non-directional intraday activity and a small bearish candle indicate indecisiveness between the bulls and the bears.

"For day traders now, 81,750 and 81,500 would act as key support zones, while 82,000 and 82,100 could serve as crucial resistance levels for the bulls. On the higher side, a successful breakout above 82,100 could push Sensex up to 82,400 - 82,500. Conversely, below 81,500, it could retest the 50-day SMA (Simple Moving Average) level or 81,200," said Chouhan.

Nifty OI Data

In the derivatives segment, Nifty open interest (OI) data showed the highest call writing at the 25,100 and 25,200 strike prices, while the maximum put OI was concentrated at the 25,000 level.

"This positioning suggests strong resistance near the 25,100 zone. Nevertheless, overall sentiment remains cautiously optimistic, and a decisive close above this resistance will be crucial to sustain bullish momentum in the near term," said Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking Private Limited.

Nifty 50 Prediction

Nifty 50 formed a Tweezer Top candlestick pattern, suggesting a phase of consolidation may be underway before the next leg higher.

"A small negative candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates a choppy movement in the market at the crucial resistance of 25,150 levels-previous swing high of 21st August. The present market action indicates a breather type formation after a continuous rise of 8 sessions," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the near-term uptrend of Nifty 50 remains intact and the present consolidation or weakness could be a buy on dips opportunity and eventually Nifty 50 is expected to break out of the hurdle at 25,150 levels soon. Immediate support is placed at 24,900. A sharp breakout of 25,150 could open the next upside target of 25,400 - 25,500 levels.

Mayank Jain said that Nifty 50's immediate resistance is at 25,200 to 25,250 points, and if the index manages to break and sustain above this level, it could pave the way for a move towards 25,500.

"On the downside, support is seen at 25,000 and 24,950. A fall below these key psychological levels could trigger a further correction towards 24,800," Jain said.

Dr. Praveen Dwarakanath, Vice President of Hedged.in noted that the Nifty 50 formed an insider candle with bearish bias as it reacted from the resistance near the 25,150 levels.

"The momentum indicators are in the overbought region, indicating a possible fall in the index towards its support at the 24,950 level. The index came near the upper part of the Bollinger band in a smaller time frame and got rejected, indicating weakness in the rally," said Dwarakanath.

Bank Nifty Prediction

Bank Nifty index gained 78.55 points, or 0.14%, to close at 54,887.85 on Monday, forming a doji candle near trend line resistance on the daily scale.

"From a momentum perspective, the daily RSI continues to move sideways, hovering within a neutral zone. As per RSI range shift rules, this behaviour indicates a lack of directional strength and suggests that the index is currently in a consolidation phase. Going ahead, the 50-day EMA zone of 55,100 - 55,200 will act as a crucial hurdle for the Bank Nifty index," said Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities.

Any sustainable move above the level of 55,200 will lead to a sharp upside rally upto the level of 55,600, followed by 56,000 in the short term. While, on the downside, the 20-day EMA zone of 54,700 - 54,600 will act as crucial support for the index, Shah added.

Om Mehra, Technical Research Analyst, SAMCO Securities highlighted that the Bank Nifty index has managed to sustain itself above the 9-EMA and the 20-EMA, and is inching higher. The RSI has edged up to 51, reclaiming the neutral line, while the MACD has confirmed a bullish crossover with strengthening histogram bars.

"The resistance stands at the Supertrend level of 55,300, followed by the upper Bollinger Band near 55,700 in the broader view. On the downside, 54,600 remains the immediate cushion. Nifty Bank remains strong as long as it avoids a close below 54,400. The index remains in recovery mode as long as it trades above the 9- and 20-day EMA, with 55,300 - 55,400 acting as the next test zone," Mehra said.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies. We advise investors to check with certified experts before making any investment decisions.