Raja Venkatraman recommends three stocks for 12 November

Résumé détaillé

Market expert Raja Venkatraman shares his top stock picks for 12 November. Here’s his technical outlook and trade strategy.

Markets extended their positive undertone, with sustained buying interest helping indices maintain their upward trajectory despite intermittent profit booking.

On 11 November 2026, Indian equity markets resumed trade after the holiday with strong bullish momentum, supported by easing crude oil prices, sustained FII inflows, and positive global cues. The Nifty 50 advanced 210.40 points or 0.84% to close at 25,255, while the Sensex gained 772.75 points or 0.95% to settle at 81,879.40, extending the ongoing uptrend and scaling fresh multi-month highs. Market breadth remained firmly positive, with advances significantly outnumbering declines, reflecting broad-based participation across sectors.

Banking stocks continued to lead the rally, with Bank Nifty gaining nearly 1.8% and PSU banks outperforming on renewed buying interest. Auto stocks also remained in demand, with InterGlobe Aviation and Mahindra & Mahindra emerging among the top gainers.

In contrast, profit-booking was visible in select IT counters, with Tech Mahindra, TCS, and other technology names underperforming despite the positive market environment. Broad-based buying in financials, automobiles, and capital goods provided the necessary support to offset weakness in technology stocks.

Investor sentiment was boosted by falling crude prices, continued foreign institutional buying, and improving confidence in the domestic growth outlook. Technically, Nifty maintained its breakout above the psychological 25,000 mark, reinforcing the bullish undertone. While momentum remains strong, elevated RSI readings suggest the possibility of short-term consolidation. Immediate support is seen near 25,000, while resistance lies in the 25,400–25,500 zone. Overall, the market structure remains positive, with buy-on-dips continuing to be the preferred strategy as long as key support levels hold.

A strong follow-through on the Nifty did produce a robust start on the Wednesday morning only to witness some profit booking that dragged…

M…

Début de l'article, extrait de Mint. Pour lire la suite, ouvrez l'article chez le média.