What’s should be your strategy for primary market in FY25?

After three days of stellar gains, Indian stock market indices ended flat after a volatile trading session on F&O expiry.

The indices started gap-up and surpassed major psychological levels in early deals today after positive sentiments flowed in from global markets. The US Federal Reserve kept monetary policy loose and strengthened its view on the economic recovery. Consequently, the BSE barometer Sensex and the Nifty50 reclaimed their crucial levels of 50,000 and 15,000 within minutes into trade.

However, investors gave in to the temptation to book profits at higher levels amid economic uncertainty, and the Sensex slipped over 600 points from day’s high point.

Among the broader markets, the Midcap index ended lower, while smallcap index closed over half a percent higher.

As for the sectoral movers, sectors, metals, financial services and private banks gained, while PSU Bank, auto, IT and FMCG indices ended in the red.

Here’s how experts see markets trading on Friday

Manish Shah, Founder, www.Niftytriggers.com

Nifty hit the resistance at 14980-15050 and the market declined by 150 odd points from the highs. It was a red candle for the day. Nifty has now faces a major barrier at 14980-15050 points and this is the major resistance.

Nifty has to move above this barrier and once it clear this zone we can expect Nifty to move higher. A break out above 15450-15000 would also mean a breakout .

Support for Nifty is at 14,700-14,650. Any short term declines to this zone is an opportunity to buy. Expect market to be subdued for a day or two before clarity in trend emerges. Momentum oscillators are in a buy mode. Nifty needs a break above 14,980-15,050.

Shrikant Chouhan, EVP, Equity Technical Research, Kotak Securities

The 4.5% surge in Metal index helped the benchmark index — Nifty/Sensex regain 15000/50000 levels intraday. The Nifty/Sensex ended the day at 14895/49765

The market has shifted the bottom from 13,600 to 14,100 levels. This is positive for the market, as it would minimise the downside for the market.

On an immediate basis, 14800 and 14700 should be the biggest supports for the market and any correction from current levels to 14800/14700 (49500/49200) would be an opportunity to buy select stocks or indices.

On the higher side, 14950, and 15150/50500 would be hurdles.

The focus should be on cement and financial stocks. One can even consider selective buying in the pharma stocks.