F&O Talk | What the current long-short ratio tells about FII positioning? Sudeep Shah on Ola, Newgen, 4 more top weekly movers

The Indian stock market exhibited resilience following a volatile trading session, with the Nifty index gaining 116.90 points (0.46%) to close at 25,571.25, while the BSE Sensex rose by 316.57 points (0.38%) to finish at 82,814.71. Despite a challenging start and pressure from IT stocks, broad-based buying helped the benchmarks recover. Analyst Sudeep Shah from SBI Securities provided insights on market dynamics, noting that the Nifty has been consolidating within a narrow range since early February. This period of low volatility, characterized by an NR4 pattern, hints at a potential significant price movement ahead. The market may witness a positive opening, buoyed by the recent US Supreme Court ruling against Trump's tariffs, which could lead to a gap-up of 350 to 400 points. Key support levels for the Nifty are identified around 25,400 to 25,350, while resistance is expected between 25,950 and 26,000. The market's trajectory in the coming week will hinge on its performance around these critical levels, with stock-specific movements anticipated amid overall sideways momentum.