GIFT Nifty Signals Gap Up Opening; CARTRADE likely to acquire CarDekho

November 11, 2025; 8:30 AM

At 8:15 a.m. IST, GIFT Nifty Futures were trading at 25,737 compared with yesterday’s close of 25,574.35

 

Market Pulse: Confirmed Uptrend

 

Distribution Days: 5

 

What Changed Over the Night? 

 

• US Markets: Stocks rose on optimism over the potential end of the US government shutdown; futures for the Nasdaq Composite were up ~1.27% and the S&P 500 futures rose ~0.74%. Source: Reuters 
• Asian Markets: Markets in Asia climbed, with Japan’s Nikkei 225 index up ~1.33%, boosting opening sentiment in India. Source: Reuters
• US Dollar Index (DXY): The dollar index steadied around 99.62, after earlier weakness. Source: Reuters
• Crude Oil (Brent): Brent crude futures rose to ~US $64.15 per barrel, though supply concerns remain. Source: Reuters
• USD-INR: The USD/INR pair remained near ~₹88.66-88.68, supported by interventions by the Reserve Bank of India (RBI) to cap volatility. Source: Reuters

 

Current Market Status  

 

The Nifty 50 has shifted to a “Confirmed Uptrend” after decisively surpassing its previous rally high of 25,670, registering a new 52-week high at 26,100 on October 17. However, post this “breakout”, the index faced profit booking pressure, leading to a short-term pullback and a breach of the 21-day moving average (DMA).

 

From a structural standpoint, the prevailing setup continues to favor a medium-term positive bias. Stocks forming early-stage bases, demonstrating relative strength versus the broader market, and supported by sound fundamental drivers are well-positioned to deliver alpha generation as institutional participation broadens and market leadership consolidates.

 

Looking ahead, we will maintain the “Confirmed Uptrend” stance as long as market action remains constructive. However, if the distribution day count rises or the Nifty breaches key support levels, we may shift the outlook back to “Uptrend Under Pressure” to reflect elevated risk.

 

• Resistance: 25,700 – 26,000 (decisive breakout above this zone to confirm continuation of the uptrend) 
• Support: 25,300 (near-term cushion zone)

 

What should you do? 

 

While the broader market remains in a Confirmed Uptrend, overall sentiment has turned constructive with the Nifty hitting fresh highs and leadership expanding across sectors. Strength in key indices, improving breadth, and rising volumes suggest that investors currently have a favorable window to build positions in high-quality stocks.

 

That said, staying disciplined and selective remains crucial. Investors should focus on fundamentally strong companies breaking out of sound chart patterns, as these have the highest probability of outperforming in a confirmed uptrend.

 

Our approach continues to emphasize measured exposure and rule-based execution. Here’s what we recommend:

 

• Focus on leadership: Identify fundamentally sound stocks forming strong base patterns and showing price-volume confirmation. 
• Add exposure: Increase allocation progressively as long as both the market and your holdings continue to demonstrate strength.
• Stay disciplined: Follow strict buy and sell rules to protect profits and manage risk effectively.

 

How are the other Global Markets Performing? 

 

Major equity markets show mixed momentum, with most sustaining uptrends while a few remain under pressure or in early recovery phases.

 

• Confirmed Uptrend: India, USA, UK, China, Malaysia, Thailand, Brazil, Singapore, Japan, Mexico, Taiwan, South Korea are in a Confirmed Uptrend, reflecting sustained positive momentum and strong underlying market trends. 
• Rally Attempt: Germany is currently in a Rally Attempt, indicating early signs of potential recovery; however, confirmation is required before a clear uptrend can be established.
• Uptrend Under Pressure: Canada, Hong Kong and Indonesia face potential weakness, with rising risk of trend reversal if selling pressure persists.   

 

FII-DII activity from the last 5 days