Trade Setup: Yesterday’s Budget session turned into a clear volatility event after the surprise hike in Securities Transaction Tax. The reaction suggests a copy-and-paste style budget rather than a market-friendly one.

US markets closed in the red on Friday, and Asian markets like Kospi and Hang Seng are trading sharply lower this morning. There is no global tailwind today. Instead, markets are dealing with Budget pressure and weak international cues together.

Options Data Analysis

Heavy resistance is visible between 25000 and 25100. On the downside, 24500 and 23980 are acting as support.

Nifty closed at 24825, down nearly 495 points, breaking below the psychological 25000 level.

This breakdown with high volume confirms a short-term shift in trend from Buy on Dips to Sell on Rise.

The STT hike has changed the math for high frequency traders, which may result in lower liquidity and higher intraday volatility.

Nifty Bank Nifty Intraday Levels

NIFTY

• Base: 24640 / 24500 / 24300

• Breakout: 25120

• Resistance: 25350 / 25460

BANK NIFTY

• Base: 57800 / 57500 / 57050

• Breakout: 59100

• Resistance: 59565 / 59900

Key intraday trading levels based on options positioning.

Market Outlook

• Expect sharp swings and fast moves

• Avoid overtrading in the first half

• Sell on rise strategy likely to dominate

• Position sizing should remain light

Disclaimer: We are not a SEBI-registered Research Analyst or Investment Advisor. You are solely responsible for your trading decisions. Always perform your own due diligence or consult a certified financial planner before executing any trade.