TRADE SET-UP: US markets corrected sharply due to renewed tariff tensions linked to Trump-related trade policies. Asian markets opened mixed.

Gold prices moved higher amid uncertainty in US trade policy and geopolitical tensions involving Iran.

Global backdrop suggests cautious sentiment heading into expiry.

OPTIONS DATA ANALYSIS

NIFTY

• PCR at 0.97, indicating balanced positioning.

• Heavy Call writing at 25700 and 25800, creating strong resistance.

• Put writers active at 25500, forming immediate support.

• Lower highs are visible on daily charts.

• Unless Nifty closes above 25850, the structure remains sell-on-rise.

Key intraday trading levels based on derivative positioning.

BANK NIFTY VIEW

• 61000 zone shows strong Put writer defense.

• Call writers positioned aggressively at 61500–61700.

• Upside capped unless 61500 sustains.

OVERALL STRUCTURE:

The market is struggling above short-term moving averages.

Bias remains cautious until resistance zones are reclaimed.

STRATEGY

• Avoid fresh longs below 25850

• Trade only on confirmation

• Respect breakdown below 25350 for extended downside

• Keep position sizing controlled

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.