Nifty 50 Holds Below 25,500 as Ghose Urges Partial Profit-Taking
Rahul Ghose said traders should consider booking partial profits on short-term Nifty 50 positions around 25,500 until the index closes decisively above that level. The index closed at 25,044 on Monday, its highest close since February 27, after rising about 8.4 percent in an extended week.
Rahul Ghose said traders should treat 25,500 as a level to book partial profits on short-term Nifty 50 positions until the index closes decisively above it. The index ended Monday at 25,044, its highest close since February 27.
Ghose, founder and chief executive of Octanom Tech and Hedged, said a firm close above 25,500 could put a retest of the Nifty 50’s record highs within reach. Until then, he said, the level should not be treated as a breakout to chase.
“Until then, I would treat 25,500 as a zone to book partial profits in short-term positions rather than a breakout to chase,” Ghose said.
The index gained about 8.4 percent in a single extended week, a pace Ghose said could require a pause. He also pointed to stretched momentum, with the relative strength index approaching 80, and negative market breadth during Monday’s session despite the index’s rise.
Ghose said the 25,500 area could prove difficult to clear in one attempt. Investors who bought before the February–March sell-off may be waiting to exit around their purchase prices, adding potential selling pressure, he said.
He expects consolidation or a shallow pullback before another attempt at the level. Ghose cited lower crude prices, heavy foreign institutional investor buying and earnings as factors supporting the market’s recent improvement.
For existing positions, Ghose said he would use a trailing stop, avoid new leveraged trades at current levels and consider adding on dips toward 24,400–24,500.
Ghose also named Titan Company and BSE as stock picks for Samvat 2083. He said Titan’s chart looked strong and pointed to festive and wedding-season demand, with some festive purchases shifting into the December quarter.
Titan was trading around Rs 5,005, below its 52-week high of Rs 5,186.70. Ghose said a move above that high could take the stock toward Rs 5,200–6,000, and added that softer gold prices could support buyer growth.
For BSE, Ghose cited a clear uptrend and the revival in capital-market activity. The stock gained 41.6 percent in 2026, while the Nifty 50 fell 6.9 percent, according to the figures he gave.
BSE’s second-quarter FY27 net profit rose 45 percent to Rs 807.5 crore. Ghose identified Rs 4,200–4,400 as the previous high and next technical target, while flagging possible regulatory changes to weekly expiries as a risk to derivatives volumes.
On gold, Ghose said the price correction was an opportunity to accumulate gradually in tranches as prices moved lower, rather than buy aggressively on rebounds or exit.
