Trade Setup: Global cues remain mixed to positive. US markets (Dow Jones & S&P 500) closed at record highs overnight. However, underlying caution persists due to fresh investigations by the Trump administration into the US Federal Reserve and potential Iran-related tariff developments.
FIIs continue to remain net sellers, keeping the sell-on-rise mindset active, even if markets open on a positive note.
Nifty & Bank Nifty trading ranges indicate immediate support–resistance zones for the session.
Options Data Analysis (Weekly Expiry Day):
NIFTY:
Massive Call writing at 26000, acting as a strong resistance
Active Put writing at 25700, indicating near-term support
BANK NIFTY:
Heavy resistance visible near 60000
Support base shifting higher towards 59200–59400
Market Recap & Structure:
Yesterday’s session was a classic “roller-coaster”, testing both bulls and bears.
Markets opened under heavy pressure:
Nifty plunged nearly 200 points, hitting an intraday low of 25473
India VIX spiked over 6%, signaling heightened fear
As discussed earlier, PCR readings suggested the market was in oversold territory. Mid-day sentiment flipped sharply:
Sensex recovered 1000+ points
Nifty bounced back to close near 25800
Positive commentary from US Ambassador Sergio Gor acted as a key sentiment booster.
Technical Outlook:
The long lower shadow on the daily chart (bullish hammer-like formation) confirms 25500–25450 as a strong demand zone.
Market Strategy:
Buy on dips near major supports
Sell on resistance levels
Overall structure suggests a consolidation phase
Disclaimer: For educational and informational purposes only. This content does not constitute investment advice, financial advice, or a recommendation to buy or sell any security. Market conditions may change rapidly. Please consult a qualified professional before making financial decisions.
