The Equity Research Desk provides fundamental analysis of capital market-related entities to aid wise investment decisions. The analysis also includes IPO news and updates. An Initial Public Offering allows investors to explore the opportunities in various sectors. Nirmal Bang’s IPO watch helps market participants to stay abreast of all the latest developments in this segment.

Fundamental Stock Pick :- Axis Bank Ltd

30-Sep-26

Please find attached report for your perusal.

Fundamental Stock Pick :- Jupiter Life Line Hospitals Ltd

30-Sep-26

Please find attached report for your perusal.

Monthly Report - October 2026 Series

30-Sep-26

We at Nirmal Bang Retail Research Desk are pleased to provide you with our Monthly Report followed after every F&O expiry. The objective of the report is to provide you insights into Equity markets, both from the Fundamental and Technical perspectives along with the stock picks for short to medium term.

Monthly Report - September 2026 Series

26-Aug-26

We at Nirmal Bang Retail Research Desk are pleased to provide you with our Monthly Report followed after every F&O expiry. The objective of the report is to provide you insights into Equity markets, both from the Fundamental and Technical perspectives along with the stock picks for short to medium term.

Fundamental Stock Pick :- Prince Pipes Ltd

26-Aug-26

Please find attached report for your perusal.

Fundamental Stock Pick :- Galaxy Surfactants Ltd

26-Aug-26

Please find attached report for your perusal.

NIFTY 3-Month Roadmap: The Next Big Move

20-Aug-26

NIFTY FUT Technical Outlook Nifty has witnessed a correction from August month high and is currently trading around the 24,070–24,150 zone. The index opened near 24,450, made a high of 24,758, slipped to 24,087, and closed around 24,117, registering a decline of approximately 2.70%. From a broader technical perspective, Nifty continues to remain within its long-term rising structural trend, with the major multi-year trend line still intact. However, the short-term structure has weakened after the recent rejection from the 26,300–26,500 zone (start of this year 2026), indicating that the index may remain volatile and undergo further consolidation before attempting a meaningful recovery. Key Resistance Levels The immediate resistance zone is placed around 24,740. A sustained close above this level would indicate improving momentum and could trigger a recovery towards: • 24,740 – Immediate resistance • 25,200 – Major resistance • 25,500 – Short-term time-cycle resistance • 26,200–26,500 – Major supply / previous high zone A decisive breakout above 25,200–25,500, preferably supported by strong volumes, would strengthen the bullish structure and increase the probability of a retest of the previous high zone. Key Support Levels On the downside, 23,640 emerges as the first important support. A sustained breakdown below this level could increase selling pressure and drag Nifty towards the 23,240–23,150 region. The larger structural support remains significantly lower around the 22,000–21,800 zone. The chart also highlights a major GAP SUPPORT ZONE between 20,600–20,440, which represents an important long-term support area. Time-Cycle Outlook The chart indicates important time-cycle windows developing over the coming weeks. The 5–6 week cycle is positioned around the 25,500 region, If Nifty successfully reclaims 24,740 and subsequently 25,200, the probability of a broader recovery towards 25,500 and 26,200–26,500 will increase. Conversely, failure to hold 23,640 could extend the corrective phase towards 23,240–23,150, while a deeper breakdown may expose the 21,860–21,800 region over the longer time cycle. Strategy The broader trend remains structurally positive as long as the major long-term support structure remains intact, but the short-term trend is currently under pressure. Therefore, investors should adopt BUY approach near strong support zones(24150-23900 levels). Fresh aggressive buying should preferably be considered only after confirmation of reversal around key supports or a decisive breakout above 24,740–25,200 & 25500.

NB Derivatives Special Report on Banking Sector

30-Jul-26

We are pleased to release a special Derivatives Banking sector report. • Many Banking sector stocks are near their inflection points as per Derivatives Data. • With a long Price and Time correction in many stocks; they have returned with considerable shorts which can lead to an aggressive short covering rally. • We pick Four Banking sector stocks which can lead the upward rally.

Monthly Report - August 2026 Series

30-Jul-26

We at Nirmal Bang Retail Research Desk are pleased to provide you with our Monthly Report followed after every F&O expiry. The objective of the report is to provide you insights into Equity markets, both from the Fundamental and Technical perspectives along with the stock picks for short to medium term.

Fundamental Stock Pick :- One 97 Communications Ltd (Paytm)

29-Jul-26

Fundamental Stock Pick :- One 97 Communications Ltd (Paytm)

Fundamental Stock Pick :- SG Finserve Ltd

29-Jul-26

Fundamental Stock Pick :- SG Finserve Ltd

Quarterly Meet Presentation - July 2026

15-Jul-26

Quarterly Meet Presentation - July 2026

Fundamental Stock Pick :- Jeena Sikho Lifecare Limited

01-Jul-26

Fundamental Stock Pick :- Jeena Sikho Lifecare Limited

Fundamental Stock Pick :- One MobiKwik Systems Ltd

01-Jul-26

Fundamental Stock Pick :- One MobiKwik Systems Ltd

Monthly Report - July 2026 Series

01-Jul-26

We at Nirmal Bang Retail Research Desk are pleased to provide you with our Monthly Report followed after every F&O expiry. The objective of the report is to provide you insights into Equity markets, both from the Fundamental and Technical perspectives along with the stock picks for short to medium term.

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RISK DISCLOSURES ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source:

1. SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.