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The expiry day of the weekly options went off quite well on the expected lines. The Indian markets end up on a buoyant note. Despite inheriting a weak global overnight cue, Nifty50 started the day on a resilient note. After opening on a flat to a mildly positive note, Nifty50 stayed in the positive territory throughout the day. It defied the weak early morning cues. After opening on a positive note, the headline index just kept getting stronger.

Nifty50 on Thursday climbed for the second straight day, breaching the recent swing high of 17,324 and also the resistance of 17,350. The index reclaimed the 17,400 mark on a closing basis and formed a bullish candle on the daily chart. Analysts believe the ongoing recovery can extend to the level of 17,600. Support for the index is seen at 17,250 level.

The Monetary Policy Committee of the Reserve Bank of India will meet on December 6-8 to review the fiscal blueprint. The central bank has so far been maintaining an accommodative stance with rates kept at the lowest level to help the COVID-battered economy rebound and set off on a growth trajectory.

Nifty50 on Tuesday slipped below the psychological mark of 17,000 level and formed a bearish Inverted Hammer-like candle on the daily chart. Analysts said the index may find some support near 16,800 while they see some resistance for the index at 17,200 levels.

We have seen a good correction in the real-estate sector in the last 15 days, S&P BSE realty down by around 15% from highs of 4464 to 3822 in the last 15 days. We have seen a border market correction in the last 15 days, Nifty down by 8% while Nifty midcap down by 10.5%.

Nifty50 formed a small bullish candle on the daily chart on Thursday as it closed above the psychologically important level of 17,500 points.

Nifty50 opened flat and slipped into the negative territory within the first hour of the session. However, it marked the low point of the day and managed to crawl back into the positive zone. After that, the headline index got stronger and managed to move past the crucial 17500-level in a meaningful way.

Nifty50 on Thursday reclaimed 17,500 and, in the process, formed a small bullish candle on the daily chart. It, however, remained below its 5-day exponential moving average (EMA). The headline index can face an immediate hurdle in 17,600-650, said analysts, who believe that the immediate support is placed at 17,350 level.

The buying in index heavyweight Reliance Industries and technology stocks helped the Nifty50 recover the previous day's losses and close above the 17,500 mark on November 25, the expiry day for November futures and options contracts. The broader markets also joined the rally with the Nifty Midcap 100 and Smallcap 100 indices rising 0.60 and 0.77 percent, respectively.

Nifty50 on Wednesday negated its lower high-low formation after five sessions but formed a bearish candle on the daily chart. Analysts believe the headline index could see some consolidation in the coming days. They see the 17,200-level to act as immediate support and the range of 17,600-700 as a key barrier in the coming days.

RP-Sanjiv Goenka Group company CESC NSE 1.17 % in its maiden analyst meet unveiled its medium-term growth strategy that suggested expansion of its distribution footprint while remaining less committed to new renewable assets, noting weak return profiles in the current bid scenario.

The market reversed all its previous day's gains and fell half a percent on November 24, ahead of expiry of November futures & options contracts, weighed by Auto, FMGC, IT, and select Pharma stocks.

The Nifty Financial Services index and therefore index funds and ETFs benchmarked to it are likely to outperform the Nifty Bank index given the immense headroom for growth of financial services and products in India

Indian equity market has been a world beater in 2021 as favourable macroeconomic conditions, strong corporate earnings and inflows from retail investors helped it outperform stock markets of most large economies.

Nifty50 on Tuesday formed a bullish candle on the daily chart, after back-to-back five bearish candles. Analysts believe the range of 17,680-17,710 may pose as stiff resistance for the index going ahead while 17,200 will act as immediate support.