TRADE SET-UP: Global sentiment remains cautiously optimistic. US markets are stable, but the focus is on 10-year Treasury yields. As long as yields stay contained, the risk-on mood continues.

However, Nifty is sitting right below a major resistance zone.

OPTIONS DATA ANALYSIS

• Heavy Call Writing visible at 26000 strike – this is the key battleground.

• If Nifty sustains above 26000 for 30 minutes, we may see aggressive short covering.

• Strong Put Writing at 25900 and 25800, indicating solid downside support.

• Monthly PCR at 1.18 – bullish structure, but slightly stretched near resistance.

Overall setup: Bullish but Trapped.

Big players are defending 26000 on the upside.

Intraday Levels

Key intraday trading levels based on options positioning.

NIFTY:

• Base: 25870 / 25800 / 25740

• Breakout: 25990

• Resistance: 26060 / 26155

BANK NIFTY:

• Base: 60400 / 60240 / 60040

• Breakout: 60945

• Resistance: 61100 / 61425

BANK NIFTY VIEW

• Immediate ceiling: 61000–61100 zone

• Strong floor: 60000–60200 zone

• A sustained move above 60945 can trigger upside momentum

OVERALL SENTIMENT:

The market is bullish but range-controlled near resistance.

Unless 26000 decisively breaks, upside may remain gradual.

STRATEGY:

• Avoid chasing a breakout before confirmation

• Watch 26000 carefully – sustain matters

• Keep position size controlled near resistance

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.