Chart Commando

📈 DAILY MARKET UPDATE

📅 Date – 14 May 2026

1️⃣ VERY IMPORTANT NEWS

• US April Wholesale Inflation (PPI) came much higher than expected at 6%, increasing future US rate hike fears.
• US markets stayed positive due to strong AI & Tech stocks and optimism around Donald Trump–Xi Jinping meeting.
• Iran announced service fees and selective passage rules for ships through Strait of Hormuz; crude oil remains volatile.

🌍 GLOBAL MARKET

✔️ US Markets:
• Dow Jones -0.14%, S&P 500 +0.58%, Nasdaq +1.2% (record highs led by tech stocks).

✔️ Asia Market Update:
• Mixed Asian markets — Nikkei +0.27%, Kospi +0.38%, ASX 200 slightly negative.

✔️ Gift Nifty Signal:
• Trading near 23,567 indicating strong gap-up opening of 100+ points.

✔️ Crude Oil:
• Brent near $106/barrel, WTI near $101/barrel.

✔️ Dollar Index:
• Dollar remained strong due to higher US inflation concerns.

✔️ Volatility Index (VIX US):
• US VIX remained mostly flat despite inflation worries.

🇮🇳 INDIAN MARKET OVERVIEW

✔️ Sector Trend:
• Metal, Oil & Gas strong; IT weak; selective positivity in Pharma.

✔️ Market Sentiment / Trend:
• Sentiment improved slightly after 4-session selling, but overall market remains cautious due to oil price, inflation risk and FII selling.

✔️ Volatility (India VIX):
• India VIX remained elevated near 19.43.

💰 FII & DII DATA

✔️ FIIs:
• Net Sellers ₹4,700 Cr (7th straight selling session).

✔️ DIIs:
• Net Buyers ₹6,850 Cr.

📊 COMMODITIES UPDATE

✔️ Crude:
• Slight cooling in oil prices after recent sharp rally.

✔️ Gold:
• Gold slipped for second straight session due to reduced rate-cut hopes.

✔️ Silver:
• Silver remained volatile with mixed global sentiment.

📊 OPTIONS DATA (OI BUILD-UP)

✔️ Call OI:
• Highest Call OI at 24,000 followed by 23,500 & 23,900.

✔️ Put OI:
• Highest Put OI at 23,000 followed by 23,500 & 23,400.

✔️ PCR:
• PCR dropped to 0.91 indicating cautious sentiment.

📈 NIFTY LEVELS

✔️ Trend:
• Cautious to mildly bullish above 23,400.

• Immediate Support: 23,400
• Major Support: 23,200 – 23,000

• Immediate Resistance: 23,600 – 23,700
• Strong Resistance: 24,000

📉 BANK NIFTY LEVELS

✔️ Trend:
• Weak to range-bound.

• Immediate Support: 53,200
• Major Support: 53,000

• Immediate Resistance: 53,900
• Strong Resistance: 54,300

📊 STOCKS / SECTORS IN NEWS

• Bharti Airtel Q4 results positive; announced ₹24 dividend.
• Securities and Exchange Board of India proposed easier short-term borrowing rules for mutual funds.
• Pharma stocks in focus after Dr. Reddy's Laboratories ADR gained around 4%.

📊 STOCK SETUPS TO WATCH

• JSW Steel
• Muthoot Finance
• Indian Railway Finance Corporation

🎯 EXPECTED TRADING RANGE TODAY

✔️ Nifty Range:
• 23,200 – 23,800

✔️ Bank Nifty Range:
• 53,000 – 54,000

📅 IMPORTANT DATA / EVENTS TODAY

• UK GDP Data at 12:30 PM.
• India April WPI Inflation data after market hours.

🎯 INTRADAY TRADING VIEW

👉 Gap-up opening expected. Traders should watch whether Nifty sustains above 23,400. Sustaining above this level can trigger further short covering towards 23,700–23,800, while failure may again bring selling pressure.

📌 QUICK SUMMARY

• US inflation remains a major concern for global markets.
• Tech stocks are supporting US indices despite macro pressure.
• Indian market sentiment improved slightly, but FIIs selling and oil prices remain key risks.

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