TRADE SET-UP: Global backdrop remains cautiously optimistic.
US markets closed relatively flat but showed resilience. No major sell-off in tech, keeping sentiment stable.
Asian markets are trading mixed to mildly positive, with no immediate red flags.
Yesterday, Nifty closed 173 points higher, led by SBIN, supported by strong quarterly results.
Institutional data shows FII buying in large caps, while DII buying emerged strongly in mid and small caps, making both net buyers for the session.
Keep a close watch on India’s 10-year bond yield, hovering near 6.76%, as any spike can impact equity sentiment intraday.
OPTIONS DATA ANALYSIS (EXPIRY DAY)
Today is Nifty expiry, expect heightened volatility
Aggressive call writing at 26000 — sellers will defend this level hard
Strong put writing at 25500 and 25800, suggesting 25800 is the key floor
Nifty PCR above 1, indicating bullish but not euphoric positioning
Key intraday trading levels for Nifty and Bank Nifty based on options positioning and OI structure.
BANK NIFTY VIEW
Bank Nifty remains the leader
Holding firm near 60500
Momentum remains strong as long as it stays above this zone
Continuation toward 61000+ possible if strength sustains
OVERALL SENTIMENT
Cautiously bullish with expiry-driven volatility.
STRATEGY:
Expect sharp moves on expiry — avoid overleveraging
Let the market show direction post initial volatility
Focus on levels, not predictions
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.