Chart Commando

📈 DAILY MARKET UPDATE

📅 Date – 9 June 2026

1️⃣ VERY IMPORTANT NEWS

• Israel–Iran announced fragile ceasefire after US intervention; both sides warned retaliation if ceasefire breaks.
• Crude oil corrected 2–3% after ceasefire hopes; Brent near $94 and WTI near $91.
• US May inflation data due tomorrow night; markets nervous about possible Fed rate hike.

🌍 GLOBAL MARKET

✔️ US Markets:
• Nasdaq +0.86%, S&P 500 +0.30%, Dow Jones -0.16% as tech stocks recovered.

✔️ Asia Market Update:
• Japan Nikkei +0.8%, Topix +0.6%; Asian markets mixed overall.

✔️ Gift Nifty Signal:
• Trading near 23,173 indicating mild positive opening of 30–50 points.

✔️ Crude Oil:
• Brent Crude near $94.3/barrel.
• WTI Crude near $91.3/barrel.

✔️ Dollar Index:
• Dollar Index moved above 100; short-term pressure on emerging markets.

✔️ Volatility Index (VIX US):
• US VIX fell around 12% and moved below 19.

🇮🇳 INDIAN MARKET OVERVIEW

✔️ Sector Trend:
• IT may see positive sentiment after US court struck down Trump H1B fee rule.
• Telecom stocks likely in focus after Bombay HC relief for Airtel and Vodafone Idea.
• Realty remained weak.

✔️ Market Sentiment / Trend:
• Market sentiment cautious but stable due to easing geopolitical tension and falling crude prices.

✔️ Volatility (India VIX):
• India VIX jumped near 17.03 showing continued volatility.

💰 FII & DII DATA

✔️ FIIs:
• FIIs net sold around ₹5,600 Cr.

✔️ DIIs:
• DIIs net bought around ₹5,200 Cr.

📊 COMMODITIES UPDATE

✔️ Crude:
• Oil prices cooled after ceasefire announcements.

✔️ Gold:
• Gold traded marginally positive amid inflation and geopolitical concerns.

✔️ Silver:
• Silver remained stable with cautious global sentiment.

📊 OPTIONS DATA (OI BUILD-UP)

✔️ Call OI:
• Highest Call OI at 23,500 followed by 23,700 and 23,300.

✔️ Put OI:
• Highest Put OI at 23,000 followed by 22,900 and 22,800.

✔️ PCR:
• Nifty PCR near 0.78 indicating cautious to bearish undertone.

📈 NIFTY LEVELS

✔️ Trend:
• Weak to rangebound with high volatility.

• Immediate Support:
• 23,000

• Major Support:
• 22,900 – 22,700

• Immediate Resistance:
• 23,300

• Strong Resistance:
• 23,500 – 23,600

📉 BANK NIFTY LEVELS

✔️ Trend:
• Weak with recovery attempts near lower levels.

• Immediate Support:
• 53,600

• Major Support:
• 53,500

• Immediate Resistance:
• 54,500

• Strong Resistance:
• 54,600 – 55,000

📊 STOCKS / SECTORS IN NEWS

• Vodafone Idea & Bharti Airtel – Bombay HC spectrum fee relief positive.
• Wipro – Sharp fall likely due to buyback cutoff impact, not fundamentals.
• IT Sector – Positive sentiment after US H1B fee ruling.

📊 STOCK SETUPS TO WATCH

• Bharti Airtel – Positive momentum possible after court relief.
• Vodafone Idea – High volatility stock to watch.
• IT Stocks – Infosys, TCS, Wipro for relief rally opportunities.

🎯 EXPECTED TRADING RANGE TODAY

✔️ Nifty Range:
• 22,950 – 23,350

✔️ Bank Nifty Range:
• 53,500 – 54,700

📅 IMPORTANT DATA / EVENTS TODAY

• China trade related data.
• US trade data, existing home sales & Atlanta Fed GDP data at night.

🎯 INTRADAY TRADING VIEW

👉 Market likely to remain volatile and rangebound ahead of US inflation data. Buy only if Nifty sustains above 23,300; otherwise sell on rise strategy may continue.

📌 QUICK SUMMARY

• Ceasefire news eased global tension and cooled crude oil prices.
• FIIs continued selling while DIIs provided support.
• 23,000 remains crucial support zone for Nifty today.

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