The Weekly Market Pulse by Somil Mehta | 3rd December

Описание: In this week’s Market Pulse, Somil Mehta, Head of Alternate Research at Mirae Asset Sharekhan, breaks down Nifty’s post–all-time-high consolidation and the key technical and derivative levels driving the market this week.

After hitting a new all-time high, Nifty is consolidating in a 300-point range, holding firmly above the 20-day moving average. The index continues to maintain its higher top–higher bottom formation on the weekly charts and remains above the 10-week moving average, with momentum indicators staying positive — keeping the market in a buy-on-dips zone.

🔍 Key Highlights:

📈 Nifty Trend & Levels
• Consolidation range: 26,000 – 26,300
• Weekly support: 26,000
• Reversal point: 25,750
• Breakout trigger: 26,193
• Target: 26,300

📊 Technical Setup
• 20-day EMA: 25,969
• 40-day EMA: 25,758

💹 Derivatives Data
• PCR: 0.72
• Highest Call OI: 26,300 strike
• Highest Put OI: 26,000 strike

🏭 Sector Snapshot
• Pharma: Dr. Reddy’s, Glenmark Pharma
• Auto: TVS Motor, Maruti

📊 Watch the full episode for a crisp, research-backed look at the markets this week.

🔔 Subscribe to Mirae Asset Sharekhan for weekly insights, charts, and market commentary.

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