Trade Setup: The immediate market trend remains weak after Friday’s sell-off. Geopolitical tensions (US–India trade friction, Middle East instability) and policy uncertainty around the US Fed continue to weigh on sentiment. Global cues remain mixed to negative, keeping buyers cautious.
Key intraday levels: Nifty & Bank Nifty.
Options Data Analysis:
NIFTY:
• Heavy call writing observed near 26000, acting as a strong resistance
• Immediate support seen around 25500; a breakdown may extend weakness toward 25300
BANK NIFTY:
• Strong resistance zone visible between 59500–60000
• Key support placed near 59000 based on options positioning
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