US markets closed flat as strong jobs data pushed the US 10-year Treasury yields higher. Investors are now re-evaluating expectations of rate cuts.

The Dollar Index (DXY) surged initially, putting pressure on emerging markets like India.

GIFT Nifty is trading near 25990, suggesting a flat-to-range-bound start.

OPTIONS DATA ANALYSIS

• Massive call writing seen at 26000, acting as immediate resistance

• Put writing visible at 25900, followed bya  strong base at 25800

• Structure indicates consolidation at higher levels

Until Nifty decisively clears 26000 and sustains above it, expect range-based movement.

Key intraday trading levels for Nifty and Bank Nifty based on options positioning.

BANK NIFTY VIEW

• Immediate resistance around 60800

• Strong support near 60000

• Sustained move above 60850 could trigger upside expansion

OVERALL SENTIMENT

The market is consolidating at higher levels after three strong sessions.

Bias remains mildly positive, but CPI Inflation data will be the real trigger for the next directional move.

STRATEGY:

• Avoid aggressive breakout trades below 26000

• Trade the range until CPI data confirms direction

• Keep position sizing moderate

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.