11MPR.BO up 20.71% on 02 Jan 2026 BSE close: review and model outlook

We saw 11MPR.BO (Nippon India Equity Hybrid Fund- Segregated Portfolio 2 Units 2020-MONTHLY DIVIDEND REINVESTMENT) close at INR 84.56 on 02 Jan 2026 on the BSE, up 20.71% (INR 14.51) from a previous close of INR 70.05. The move came on volume of 761 shares versus an average volume of 414, giving a relative volume of 1.79 and signalling stronger-than-normal interest. We open with price action because it sets the context for technical overbought readings and a sharply different short-term forecast from our model.