Trade Set-Up (Mixed to Cautious): Global cues remain mixed and slightly cautious. US markets saw late-session volatility, while Asian markets are trading largely flat. This suggests no aggressive gap-up opening for Indian markets. The overall sentiment points to a neutral to mildly positive start, with a clear wait-and-watch approach from participants.

Options Data Analysis (Pressure Zone): Heavy call writing is visible near the 25500 strike, indicating strong overhead resistance. On the downside, 25000 continues to act as a critical psychological support and demand zone.

Bank Nifty: The key battleground remains at 60000. As long as the index stays below this level, bears retain control. A sustained move above 25385 on Nifty (15-minute close) could trigger short covering, with 25500 as the immediate upside target.

NIFTY:

• Base: 25135 / 25030 / 24860

• Breakout: 25385

• Resistance: 25500 / 25645

BANK NIFTY:

• Base: 59200 / 58820 / 58500

• Breakout: 59845

• Resistance: 60000 / 60240

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

Market Structure & Outlook

• The market is expected to remain range-bound in the morning session.

• Likely oscillation zone for Nifty: 25400 – 25150

• Volatility remains low, but sudden spikes are possible due to Budget-related uncertainty.

As often said in the industry, “Sitting on cash is also a position.”

Capital preservation ahead of the Budget is more important than chasing short-term moves.

Trading Approach

• Avoid aggressive buying

• Look for short opportunities near resistance

• Alternatively, wait for a clean reversal near 25000 support

• Keep position size light due to event-driven volatility

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.