Trade Set-Up (Risk-On but Range-Bound): Global sentiment has turned moderately positive after easing trade-related fears (Greenland/Europe tariffs).

US and Asian markets are showing a risk-on tone, but follow-through remains selective.

Key intraday levels for Nifty & Bank Nifty based on options positioning.

Options Data Analysis

NIFTY

• Highest Put writing at 25200, making it the immediate support

• Call resistance near 25400, where the market struggled previously

• Nifty is trading around the 200-day EMA (≈25163)

  → Closing above it for the second day keeps hope alive, but structure remains Sell on Rise

• A decisive breakout above 25400 is required for a sustained rally

• Holding above 25475 can trigger short covering towards 25750 → 25845

BANK NIFTY

• Heavy resistance zone between 59200 – 59600

• Immediate support placed near 59000

• 59460 is now a crucial pivot for bulls

  → Acceptance above this level may improve momentum

Market Structure

Yesterday’s session was volatile, forming a small red body with long shadows on both sides, highlighting indecision.

This confirms a tight consolidation phase, with directional clarity expected only after a breakout.

Trading Approach for Today

• Prefer range trading

• Buy only near strong supports

• Book profits near resistance

• Avoid aggressive positions until 25400 (Nifty) is convincingly cleared

Disclaimer: We are not a SEBI-registered Research Analyst or Investment Advisor. The analysis shared above is strictly for educational and informational purposes only. You are solely responsible for your trading decisions. Always perform your own due diligence or consult a certified financial planner before executing any trade.