On November 12, Dalal Street is anticipated to open robustly, marking the third consecutive day of gains, driven by optimistic global market cues. Market analysts report a heightened risk appetite across key regions, attributing this positivity to encouraging developments, particularly in the United States, where negotiations appear to be nearing an end to the prolonged federal government shutdown. This resolution is expected to restore funding to essential agencies and facilitate the release of postponed economic data, thereby easing policy uncertainty for investors.

This morning, the GIFT Nifty index was quoted at 25,976, reflecting an increase of 156 points or 0.6%. The U.S. stock market performed well overnight, with the Dow Jones Industrial Average reaching a record high close, prompted by signs of an end to the longest government shutdown in U.S. history. Meanwhile, stocks related to artificial intelligence, including Nvidia, experienced declines due to concerns regarding inflated valuations. The S&P 500 index rose by 0.21%, whereas the Nasdaq composite experienced a slight drop of 0.25%.

Asian markets also showed a slight uptick, buoyed by the anticipation of the congressional resolution on the federal shutdown, although traders remained cautious in the absence of new data insights.

For the Nifty 50 on November 12, critical levels to monitor include the 25,500 resistance level, which was surpassed in the previous session, encouraging stronger buying momentum among traders. Analysts, including Dhupesh Dhameja from Samco Securities, believe that as long as the index stays above the support zone of 25,300 to 25,350, there is potential for continued upward activity. The immediate resistance mark is set around 25,800; a breakout above this level could spark additional buying momentum, potentially extending the current rally.

While call options remain prevalent at higher strike prices, the notable accumulation of put positions at lower levels reveals a balanced tug-of-war between market bulls and bears, leading to a neutral to range-bound outlook in the near term. A move beyond the 25,800 mark is essential to reignite bullish momentum, while a decline below 25,350 could signal potential risks to the downside. Traders are advised to adopt a cautious stance, focusing on breakout opportunities while maintaining a disciplined trading approach.

Stay tuned for live updates on market developments as they unfold.